Crypto products mark $224 million of inflows after strong performance in IBIT and $ETH ETFs
Digital asset products recorded total inflows of $224 million last week.
Ethereum products led the gains with $296.4 million in inflows, while $BTC ETFs saw $56.5 million in outflows.
Despite the outflows, IBIT dethroned GLD to become the fastest ETF to cross the $70 billion mark.
Strategy strengthened its Bitcoin holdings by purchasing 1,045 BTC worth $110.2 million.
Digital asset products witnessed inflows of $224 million last week, led by Ethereum exchange-traded funds (ETF) and BlackRock's iShares Bitcoin Trust (IBIT). Meanwhile, Strategy added to its Bitcoin holdings after it purchased 1,045 BTC for $110.2 million, boosting its total holdings to 582,000 BTC.
Crypto ETFs record inflows as Strategy continues its Bitcoin buying spree
Global crypto products marked inflows totaling $224 million last week, according to CoinShares. The positive flows were led by Ethereum products, netting $296.4 million in inflows. This marked its seventh consecutive week of net inflows, totaling $1.5 billion — 10.5% of the general total assets under management (AuM) in ETH products, noted James Butterfill, CoinShares Head of Research.
In contrast, Bitcoin ETFs marked a second consecutive week of outflows, shedding $56.5 million. Notably, US spot Bitcoin ETFs resumed inflows between Tuesday and Wednesday but switched back to outflows on Thursday after President Donald Trump and Tesla CEO Elon Musk clashed over $TRUMP s "One Big Beautiful Bill."
Bitcoin is up 2% on Monday, trading above $108,000, following reports of positive tariff discussions between US delegates and Chinese representatives in London.