Global crypto ETPs posted $1.9B in weekly inflows, led by record-breaking Ether products, as Bitcoin funds saw minor outflows.
Key Takeaways
Global crypto exchange-traded products (ETPs) logged $1.9 billion in inflows last week, extending a 15-week streak.
Ether ETPs led with $1.59 billion, the second-largest weekly inflow on record for ETH.
Bitcoin funds saw minor outflows of $175 million, breaking a 12-day inflow streak.
Total assets under management (AUM) for crypto ETPs hit a record $221.4 billion.
Crypto ETPs Extend Record Inflow Streak
Cryptocurrency investment products ended last week in the green, marking 15 consecutive weeks of inflows despite ongoing market volatility.
According to CoinShares, global crypto ETPs attracted $1.9 billion for the week ending Friday, pushing year-to-date inflows to a record $29.5 billion. Total AUM reached $221.4 billion, while month-to-date inflows surged to $11.2 billion, surpassing the previous December 2024 record of $7.6 billion.
The gains came as Bitcoin (BTC) slipped to $115,000 and Ether (ETH) briefly dropped below $3,600, underlining the resilience of institutional flows despite price swings.
Ether ETPs Dominate, Bitcoin Sees Outflows
Ether ETPs: Recorded $1.59 billion in inflows, the second-largest weekly figure ever for ETH products.
Solana (SOL): Added $311.5 million.
XRP: Brought in $189.6 million.
In contrast, Bitcoin ETPs posted $175 million in outflows, ending a 12-day inflow streak on July 21.
Analyst View: Altcoin ETF Anticipation Drives Flows
CoinShares Head of Research James Butterfill noted that last week’s inflows likely reflect anticipation of U.S. altcoin ETF approvals, rather than a full-scale altcoin season.
“These altcoin inflows may be driven less by broad-based enthusiasm and more by anticipation surrounding potential U.S. ETF launches,” Butterfill explained.
Smaller altcoins like Litecoin (LTC) and Bitcoin Cash (BCH) saw modest outflows of $1.2M and $0.7M, respectively.
