Investors poured about $240 million into two blockchain-focused ETFs since their launch last week, according to the latest available data from FactSet.
Bitcoin has fallen nearly 7 percent in the last week to about $10,800 Friday on Coinbase, the leading U.S. exchange for major cryptocurrencies.
"It is rare for new ETFs to pull in such a large amount of cash," Todd Rosenbluth, CFRA's director of ETF and mutual fund research, wrote in an email, "But there has been pent-up demand for a thematic approach to gain exposure to Blockchain."
Amplify Transformation Data Sharing ETF, whose top holdings include Taiwan Semiconductor Manufacturing and Overstock.com, saw assets under management leap to $164.9 million Wednesday from just $2 million a week ago, according to FactSet.
The Reality Shares Nasdaq NexGen Economy ETF holds stocks such as IBM, which is developing a number of enterprise blockchain projects, and SBI Holdings, which is a prominent Japanese financial services company working with cryptocurrencies.
The BLCN ETF's assets under management multiplied just over nine times in a week to $86.27 million, FactSet data showed.
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