With a fresh week of inflows registered, crypto ETPs have achieved a new record of year-to-date inflows of $13.2 billion.
Ether momentarily jumped above $2,800 for the first time since February, and Bitcoin traded near fresh highs, continuing the multi-week influx trend into cryptocurrency investment products.
CoinShares said on Monday that global cryptocurrency exchange-traded products (ETPs) had inflows of $1.9 billion in the trading week that concluded Friday, extending a nine-week run of inflows to $12.9 billion.
Crypto ETPs achieved a record of $13.2 billion in year-to-date (YTD) inflows with the latest inflows. James Butterfill, head of research at CoinShares, wrote.
Crypto ETPs' total assets under management (AUM) increased marginally from $175.9 billion to $179 billion last week.
Bitcoin is once again leading inflows
Following two weeks of modest withdrawals, Bitcoin investment products bounced back to record large gains, reaching the top of the chart last week with inflows of $1.3 billion. Although their AUM stayed low at $96 million, short-bitcoin products also saw modest inflows of $3.7 million.
With an additional $583 million in inflows last week, ether ETPs continued their upward trajectory and came in second in terms of inflows. The inflows represented the biggest gains for the ETH product since February, including their best one-day inflows, according to CoinShares' Butterfill.
After three weeks of withdrawals, XRP
Last week, $11.8 million was invested in XRP investment goods, while an additional $3.5 million was invested in Sui products.
BlackRock's cryptocurrency ETF inflows soar to $1.5 billion
With $1.5 billion in inflows last week, BlackRock's iShares exchange-traded funds (ETFs) led issuer gains, bringing YTD inflows to $14.2 billion.
The European fund CoinShares XBT Provider reported modest withdrawals of $17 million, while all US-issued crypto ETFs followed with tiny weekly inflows of up to $95 million.
Almost all issuers are still experiencing year-to-date withdrawals, with Grayscale leading the losses with over $1.6 billion in outflows, despite a nine-week run of inflows into crypto funds.
With YTD inflows of $437 million, US issuer ProShares is the only issuer not experiencing YTD outflows.
Ethereum is gaining traction
According to Butterfill, despite geopolitical worries, such as the intensification of the Israel-Iran conflict, which increased pressure on risk-on assets, digital assets held up well last week.
According to TradingView data, the rise also resulted in a resurgence of interest in gold, as spot gold spiked to $3,448 for the first time since early May.
Bitcoin fell to $103,000 shortly after Israel launched a coordinated operation to hit Iran's nuclear program on Thursday, after trading close to fresh highs of $110,000 last Monday. By the end of the trading week, Bitcoin swiftly bounced back to $106,000, according to CoinGecko.
In other news, Ether kept gaining ground even if its price dropped from $2,869 last Wednesday to as low as $2,473 on Thursday.
Inflows into Ether ETPs have totaled $1.9 billion over the last eight weeks, with Wednesday's $256 million inflows being the biggest since early December 2024, according to CoinShares' Butterfill.
According to CoinGecko, Bitcoin and Ether have both recovered significantly to begin the new week, trading at $107,171 and $2,628 at the time of publication.
