Cryptocurrency investment products ended last week in the green, marking 15 consecutive weeks of inflows, even as Bitcoin funds saw minor outflows.
Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows during the trading week ending Friday, July 25, according to a Monday report from the European crypto asset manager CoinShares.
The latest inflows came despite heightened market volatility as Bitcoin (BTC) tumbled to as low as $115,000 by the end of the week, while Ether (ETH) briefly dropped below $3,600 last Thursday, according to CoinGecko.
The new gains brought the year-to-date (YTD) inflows to a new high of $29.5 billion, while total assets under management (AUM) for the first time reached $221.4 billion. Month-to-date inflows also broke a new record of $11.2 billion, surpassing the previous record of $7.6 billion seen in December 2024 following the US election.
Ether ETPs see second-largest inflows on record
The majority of last week’s gains were driven by Ether investment products, which saw $1.59 billion in inflows. According to CoinShares’ head of research, James Butterfill, the figure represents the second-largest weekly inflow ever recorded for Ether ETPs.
Solana (SOL) and XRP (XRP) followed Ether ETPs in recorded gains last week, with inflows totaling $311.5 million and $189.6 million, respectively.
On the other hand, Bitcoin ETPs saw minor outflows of $175 million as BTC investment products ended a 12-day inflow streak last Monday.
Crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinShares
According to Butterfill, the divergence in the flows between Bitcoin and altcoins highlights potential anticipation of altcoin ETFs rather than a broader altcoin season.
“These altcoin inflows may be driven less by broad-based enthusiasm and more by anticipation surrounding potential US ETF launches,” Butterfill said.
He added that several altcoin ETPs saw minor outflows, including Litecoin (LTC) and Bitcoin Cash (BCH), $1.2 million and $0.7 million in outflows.
This is a developing story, and further information will be added as it becomes available.
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