Cryptocurrency investment products recorded record-breaking inflows last week as total assets under management (AUM) once again shattered the $220 billion mark.
CoinShares reported $4.4 billion in gross inflows for the week ending Friday, the 14th consecutive weekly gain. Year-to-date inflows climbed to a new high of $27 billion.
Bitcoin & Ethereum Surge Fuel Record Week
Despite Bitcoin (BTC) testing new $120,000 levels following a July 14 high, investment products tracking the asset logged $2.2 billion in inflows, representing half of all crypto ETP capital.
Ethereum (ETH) ETPs set multiple records, attracting $6.2 billion – surpassing their entire 2024 inflows and nearly doubling the previous weekly record of $2.12 billion. ETH’s price climbed past $3,500, the highest level since early January.
Smaller Assets Attract Capital Too
Smaller-cap cryptocurrencies also drew investor interest, with Solana (SOL), XRP (XRP) and Sui (SUI) ETPs collectively attracting $39M, $36M, and $9.3M respectively.
Mixed Performance for Issuers
While the overall market surged, fund providers saw varied results. ARK Invest led the outflows with $120 million in combined net outflows, primarily due to performance in its Bitcoin ETF.
Fidelity Investments and ProShares also reported modest net outflows of $49M and $25M respectively, alongside European issuer CoinShares’ $25M withdrawal.
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