Cryptocurrency Investment Products See Multi-Week Inflow Streak
Global cryptocurrency exchange-traded products (ETPs) attracted record year-to-date inflows, reaching nearly $13.2 billion as Bitcoin neared new price highs and Ether briefly surpassed $2,800, extending a nine-week positive trend.
Overall ETP Performance
CoinShares reported that crypto ETPs recorded $1.9 billion in inflows for the trading week ended Friday, continuing a nine-week streak that has totaled $12.9 billion. Total assets under management (AUM) in crypto ETPs increased slightly to $179 billion.
Despite geopolitical tensions, including escalations in the Israel-Iran conflict, crypto funds maintained their positive momentum, though gold prices saw spikes amid the risk-on conditions.
Bitcoin Returns to Top Inflow Position
After two weeks of net outflows, Bitcoin (BTC) investment products rebounded strongly last week, attracting $1.3 billion in inflows and moving ahead of other assets. Short-BTC products saw modest inflows of $3.7 million despite maintaining low AUM.
Ethereum Momentum Continues
Ether (ETH) ETPs secured the second-highest inflows, recording $583 million last week. According to CoinShares research head James Butterfill, this marked the largest weekly inflows for ETH products since February, including a significant daily record.
Both Bitcoin and Ether recovered by Tuesday’s opening (June 18), trading near $107,171 and $2,628 respectively.
BlackRock Dominates Issuer Inflows
BlackRock significantly led ETF issuers with $1.5 billion in net inflows through its iShares product line. Other US crypto ETFs saw modest inflows up to $95 million weekly, while the European fund managed by CoinShares experienced minor outflows.
Despite the streak, most issuers continue to record year-to-date outflows, with Grayscale leading losses totaling over $1.6 billion. ProShares remains the sole issuer with year-to-date inflows, exceeding $437 million.
Year-to-date inflows overall pushed issuer cumulative inflows past $14.2 billion.
Ethereum Performance Amid Geopolitical Headwinds
Butterfill noted significant eight consecutive weeks of ETH ETP inflows, worth roughly $1.9 billion in total. A particular highlight was Wednesday’s inflows exceeding $256 million, a new peak since early December 2024.
Despite later price dips during the conflict escalation, Ether demonstrated sustained interest from investors.