Cryptocurrency ETPs Conclude Week with Inflows Despite Volatility; Ether Leads Altcoin Flows

Cryptocurrency investment products logged significant inflows over the past week, extending their winning streak to 15 consecutive weeks. Inflows reached $1.9 billion during the trading week ending Friday, however, this positive trend in global exchange-traded products (ETPs) was overshadowed by heightened market volatility, particularly concerning Bitcoin.

According to CoinShares’ Monday report, the latest week saw substantial inflows, pushing the year-to-date (YTD) total for crypto ETPs to a record high of $29.5 billion and assets under management (AUM) across all platforms for the first time to $221.4 billion. Monthly inflows, also setting a record, totaled $11.2 billion, exceeding the previous high set after the US election.

Ethereum ETPs Dominate Week’s Inflows

Ethereum (ETH) dominated the inflows, recording $1.59 billion in net new capital as Ether ETPs logged the second-largest weekly inflow on record. Solana (SOL) and XRP (XRP) also saw substantial inflows of $311.5 million and $189.6 million respectively.

In contrast, Bitcoin (BTC) investment products experienced minor outflows of $175 million. This reversed a 12-day inflow streak and marked a divergence in investor preferences compared to the week’s strong performance for altcoins.

CoinShares Crypto ETP Flows: Bitcoin saw minor outflows, while Ethereum and other altcoins, particularly SOL and XRP, recorded substantial inflows during the week. — CoinShares reported $1.9 billion inflows for the week, dominated by Ethereum ETPs, while Bitcoin funds saw minor outflows ($175 million). Data Source: CoinShares (as of Friday)

CoinShares Research Director, James Butterfill, attributed the altcoin dominance in this week’s flows to anticipation surrounding potential US Exchange-Traded Funds (ETF) approval for various altcoins, rather than broad-based enthusiasm. He noted minor outflows for Litecoin (LTC) and Bitcoin Cash (BCH) ETPs.

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Cryptocurrency ETPs Conclude Week with Inflows Despite Volatility; Ether Leads Altcoin Flows Ethereum ETPs Dominate Week’s Inflows

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