Crypto funds recorded inflows of $1.03 billion for the week ending July 4, continuing a trend of increasing investments amid ongoing volatility in major digital assets like Bitcoin and Ether. According to CoinShares, Bitcoin exchange-traded products (ETPs) attracted $790 million, constituting 76% of total inflows, though this was a decrease from an average of $1.5 billion seen in the previous three weeks. Notably, a shift in investor sentiment towards Ethereum was observed, with Ether ETPs receiving $225 million in inflows, marking their 11th consecutive week of positive investments. This rising trend in crypto ETPs has established a new historical high of nearly $19 billion in year-to-date inflows, with total assets under management climbing to $188 billion. BlackRock's crypto funds emerged as a significant player, accounting for 42% of total inflows, with $436 million invested. CoinShares' head of research, James Butterfill, highlighted these trends as indicative of a cautious yet optimistic market as Bitcoin nears its all-time high price levels.

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