Ethereum (ETH) has taken the lead in digital asset investment flows, contributing $321 million of the total $286 million net inflows into crypto exchange-traded products (ETPs) last week, according to CoinShares’ latest report. Despite continued market volatility and Bitcoin’s brief price drop to $103,400, the digital asset market extended its inflow streak to seven consecutive weeks, amassing $10.9 billion over that period.

ETH Sees Strongest Run Since December 2024

Ethereum investment products posted their best six-week run since December 2024, highlighting renewed investor confidence ahead of anticipated regulatory clarity and ETF developments. The week’s $321 million ETH inflow signals a decisive shift in sentiment in favor of smart contract platforms and Proof-of-Stake assets.

Meanwhile, Bitcoin (BTC) faced a flow reversal mid-week, following a U.S. court decision invalidating key tariff policies. BTC ETPs recorded $8 million in outflows, ending a six-week run that had previously brought in $9.6 billion.

Regional Flow Breakdown

United States: Continued to dominate with $199 million in inflows.

Germany: Attracted $42.9 million, reflecting growing European institutional interest.

Hong Kong: Logged $54.8 million, marking its strongest post-launch week since ETPs went live there a year ago.

Australia: Registered $21.5 million in inflows.

Switzerland: Bucked the trend with $32.8 million in outflows, continuing its YTD net negative position.

XRP Struggles

In contrast to Ethereum’s bullish momentum, XRP investment products saw $28.2 million in outflows, marking the second consecutive week of losses. The data suggests diminishing institutional appetite amid ongoing regulatory ambiguity.

Total AUM Declines Amid Market Pullback

Despite the strong inflow figures, the total assets under management (AUM) across all crypto ETPs dropped from $187 billion to $177 billion, reflecting the broader market correction led by Bitcoin’s 6% dip from $110K to $103K.

“The resilience in ETP inflows shows institutional investors are still allocating to digital assets, but price volatility and macro uncertainties—like U.S. trade policy—are tempering near-term sentiment,” said James Butterfill, Head of Research at CoinShares.

With Ethereum leading the charge and inflow trends remaining robust, analysts are closely watching how macro events and regulatory milestones—like ETF approvals—will shape the second half of 2025.