Digital asset funding merchandise set a brand new all-time excessive final week, attracting $4.39 billion in inflows. The surge got here as investor urge for food for Bitcoin and Ethereum ETFs continued to rise, based on the most recent weekly report from CoinShares.
This determine surpasses the earlier report of $4.27 billion set in December 2024, following the US presidential elections. It additionally marks the 14th consecutive week of optimistic flows into crypto funding merchandise, bringing the year-to-date whole to $27 billion.
In the meantime, the record-breaking week aligned with a sequence of pro-crypto policy developments in the United States. Final week, lawmakers superior three main payments, together with the CLARITY Act, the Anti-CBDC Surveillance Act, and the GENIUS Act, which President Donald Trump signed into legislation on July 18.
Consequently, CoinShares famous a pointy uptick in buying and selling exercise. Weekly buying and selling turnover in crypto exchange-traded merchandise (ETPs) hit a report $39.2 billion globally, with Bitcoin and Ethereum main the amount.
The inflows and buying and selling exercise surge pushed the whole belongings below administration (AUM) to an all-time excessive of $220 billion.
Ethereum closes the hole on Bitcoin
Bitcoin merchandise introduced in $2.2 billion final week, down from $2.7 billion the earlier week.
Nevertheless, exercise remained robust. In response to CoinShares, the ETPs buying and selling made up 55% of all Bitcoin change volumes, underlining the rising dominance of institutional merchandise.
In the meantime, quick Bitcoin funds additionally recorded $10 million in inflows. This displays rising market skepticism as Bitcoin reached a new all-time high above $123,000.
However, Ethereum merchandise continued to achieve momentum available in the market.
In response to CoinShares, ETH-focused funds attracted $2.12 billion in inflows, virtually double their earlier report of $1.2 billion.
The week’s influx prolonged Ethereum’s streak to 13 straight weeks of inflows, and it now accounts for 23% of its whole AUM. Notably, inflows for Ethereum funds this yr have already surpassed the whole for 2024, which was $6.2 billion.
In the meantime, different main altcoins additionally gained traction throughout the market uptrend. Solana funds attracted $39 million in inflows, whereas XRP and Sui introduced in $36 million and $9.3 million, respectively.
The broad uptick in inflows mirrors the continuing crypto market rally and rising institutional curiosity within the rising sector.