Crypto ETPs Record $1.9 Billion Inflows as Ether Dominates Weekly Gains

15 Consecutive Weeks of Positive Inflows

Cryptocurrency investment products continued their impressive streak, recording $1.9 billion in inflows during the trading week ending Friday. This marks the 15th consecutive week of positive inflows for global crypto exchange-traded products, according to a Monday report from European crypto asset manager CoinShares.

The sustained inflows occurred despite significant market volatility, with Bitcoin dropping to as low as $115,000 by week's end and Ether briefly falling below $3,600 on Thursday.

Record-Breaking Year-to-Date Performance

The latest weekly gains pushed year-to-date inflows to a new record high of $29.5 billion. Total assets under management reached $221.4 billion for the first time, while month-to-date inflows also set a new record of $11.2 billion, surpassing the previous December 2024 record of $7.6 billion following the US election.

Ether ETPs Lead Weekly Performance

Second-Largest Ether ETP Inflows on Record

Ether investment products dominated last week's performance, attracting $1.59 billion in inflows. According to CoinShares head of research James Butterfill, this figure represents the second-largest weekly inflow ever recorded for Ether ETPs.

Alternative Cryptocurrencies Show Strong Performance

Solana and XRP followed Ether's strong performance, recording significant weekly inflows:

• Solana ETPs: $311.5 million in inflows

• XRP ETPs: $189.6 million in inflows

Bitcoin ETPs Experience Minor Outflows

In contrast to altcoin performance, Bitcoin ETPs saw minor outflows of $175 million, ending a 12-day inflow streak on July 21. This divergence between Bitcoin and altcoin flows suggests potential anticipation of altcoin ETF launches rather than a broader altcoin season.

Market Analysis: ETF Anticipation Drives Altcoin Interest

According to Butterfill, the divergent flows between Bitcoin and altcoins may indicate investor positioning ahead of potential US altcoin ETF launches rather than broad-based altcoin enthusiasm.

"These altcoin inflows may be driven less by broad-based enthusiasm and more by anticipation surrounding potential US ETF launches," Butterfill explained.

Mixed Performance Across Altcoin ETPs

While major altcoins saw significant inflows, some alternative cryptocurrency ETPs experienced minor outflows:

• Litecoin ETPs: $1.2 million in outflows

• Bitcoin Cash ETPs: $0.7 million in outflows

Market Implications and Future Outlook

The continued inflows into cryptocurrency ETPs demonstrate sustained institutional and retail interest in digital asset exposure through traditional investment vehicles. The shift toward altcoin ETPs, particularly Ether, Solana, and XRP, suggests evolving investor preferences and potential anticipation of expanded ETF offerings in the US market.

The record-breaking performance metrics, including the $29.5 billion year-to-date inflows and $221.4 billion in total assets under management, highlight the growing mainstream adoption of cryptocurrency investment products.

Key Takeaways

The cryptocurrency ETP market continues to show remarkable resilience and growth, with Ether leading the charge in weekly inflows. While Bitcoin ETPs experienced minor setbacks, the overall trend remains overwhelmingly positive, setting multiple records for inflows and assets under management. The divergence between Bitcoin and altcoin flows may signal anticipation of expanded ETF offerings rather than a fundamental shift in market sentiment.

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