Cryptocurrency investment products posted gains last week, rebounding after the prior week ended a record 15-week inflow streak totaling $27.8 billion.
Global crypto exchange-traded products (ETPs) saw $572 million of inflows during the trading week ending last Friday, the European crypto asset manager CoinShares reported on Monday.
The new inflows came amid Bitcoin (BTC) and Ether (ETH) prices recovering last week, with ETH reaching a psychological mark of $4,000 for the first time since December 2024.
Weekly crypto asset flows. Source: CoinShares
With the new gains, year-to-date (YTD) inflows edged up to a new historic high of $30.7 billion, while total assets under management (AUM) for the first time reached $226 billion.
Markets react to 401(k) approval
According to CoinShares’ head of research, James Butterfill, last week’s recovery of crypto ETP flows was likely spurred by the US government’s decision to allow digital assets in 401(k) retirement plans, announced last Thursday.
Early in the week, however, outflows reached $1 billion, likely in response to growth concerns stemming from weak US payroll figures, Butterfill said.
Spot Bitcoin ETF inflows versus spot Ether ETF inflows. Source: SoSoValue
“In the latter half of the week, however, we saw $1.57 billion of inflows, likely spurred by the government’s announcement permitting digital assets in 401(k) retirement plans,” he wrote.
Ether ETPs led the market
After seeing massive growth in July, Ether ETPs continued to lead the market last week, attracting the biggest inflows among other crypto assets at nearly $270 billion.
“This pushed year-to-date inflows to a new record of $8.2bn, while recent price gains have driven total assets under management to an all-time high of $32.6bn, up 82% so far this year,” Butterfill said.
Crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinShares
Bitcoin ETPs also saw a significant recovery following two consecutive weeks of outflows, with last week’s inflows totaling $265 million, according to data from CoinShares.
Altcoin ETPs tracking Solana (SOL), XRP (XRP) and Near (NEAR) saw inflows of $21.6 million, $18.4 million and $10.1 million, respectively.
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