Crypto ETPs See Unprecedented $2.2B Weekly Surge as Bitcoin Rallies

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.

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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.

Alexander Zdravkov