Ether Products Lead with Record $270M Weekly Inflows
Global cryptocurrency exchange-traded products (ETPs) saw a strong rebound last week, pulling in $572 million in net inflows, according to data from digital asset manager CoinShares. The gains came after the prior week ended a historic 15-week inflow streak that had brought in $27.8 billion.
The latest inflows lifted year-to-date totals to a record $30.7 billion, while total assets under management (AUM) for crypto ETPs reached an all-time high of $226 billion.
Policy Shift Sparks Late-Week Surge
CoinShares head of research James Butterfill said much of the turnaround came in the second half of the week, fueled by the U.S. government’s decision to allow digital assets in 401(k) retirement plans.
“In the latter half of the week, we saw $1.57 billion of inflows, likely spurred by the government’s announcement permitting digital assets in 401(k) retirement plans,” Butterfill wrote.
Early in the week, crypto products recorded $1 billion in outflows, which Butterfill attributed to concerns over slowing U.S. job growth following weak payroll data.
Ether ETPs Take the Lead
Ether-based ETPs continued their strong performance, pulling in nearly $270 million in net inflows — the largest among all crypto assets. Year-to-date inflows for Ether products now stand at $8.2 billion, while AUM has surged to $32.6 billion, up 82% in 2024.
Bitcoin ETPs also saw renewed demand, with $265 million in weekly inflows following two consecutive weeks of outflows.
The recovery in flows coincided with Bitcoin climbing back above $121,000 and Ethereum crossing the $4,000 mark for the first time since December 2024.
Analysts note that policy tailwinds, rising institutional adoption, and favorable market sentiment could sustain inflows into crypto ETPs through the second half of the year, particularly if digital assets continue to outperform traditional investments.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.