The cryptocurrency market witnessed a surge in ETP inflows last week, hitting a record $2.2 billion, according to a recent report.
Bitcoin’s 15% price jump over the same period pushed the total assets under management (AUM) in crypto ETPs to an all-time high of $171 billion. Global trading volumes for these products remained robust at $21 billion, representing 34% of total Bitcoin trading on trusted platforms.
Bitcoin ETPs were the primary driver of inflows, contributing $1.9 billion and bringing their year-to-date total to $2.7 billion. Surprisingly, short Bitcoin positions saw minor outflows of $0.5 million despite the strong upward price movement, a deviation from typical patterns.
Ethereum-based ETPs also recorded $246 million in inflows, slightly offsetting earlier outflows this year. However, Ethereum products remain the weakest performers, with $28 million in net outflows since January. Meanwhile, XRP-based ETPs continued their momentum, adding $31 million in inflows last week, bringing total inflows since late 2024 to $484 million.
BlackRock’s iShares crypto ETFs led the pack with $897 million in inflows last week, while Grayscale’s products continued to struggle, reporting $145 million in outflows. Grayscale’s cumulative outflows for the year now stand at $268 million.
Regionally, the United States dominated with $2 billion in inflows, followed by Switzerland and Canada, which contributed $89 million and $13 million, respectively. This influx highlights a growing appetite for crypto investment products across major markets.
Traders are rapidly shifting their focus to Ethereum and altcoins after Bitcoin’s recent all-time high triggered widespread retail FOMO.
BSTR Holdings Inc. is set to become the fourth-largest public holder of Bitcoin, announcing it will launch with 30,021 BTC on its balance sheet as part of its public debut.
Ethereum saw an explosive surge in institutional demand this week, with spot exchange-traded funds (ETFs) posting their highest single-day inflow on record. O
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