Cryptocurrency funding merchandise posted record-breaking weekly inflows final week, recording positive aspects for 14 consecutive weeks.
International crypto exchange-traded merchandise (ETPs) recorded $4.4 billion of inflows for the buying and selling week ending Friday, July 18, CoinShares reported on Monday.
The brand new inflows got here amid Bitcoin (BTC) surging previous $122,000 for the primary time in historical past final Monday, to subsequently drop to an intraweek low of round $116,000 and end the buying and selling week at round $120,000, in keeping with CoinGecko knowledge.
With the recent crypto ETP positive aspects, the year-to-date (YTD) inflows in crypto ETPs climbed to a brand new excessive of $27 billion, whereas complete belongings underneath administration (AUM) for the primary time broke $220 billion.
Ether ETP inflows surpass 2024 totals
Ether (ETH) ETPs set a number of information final week, with 2025 inflows surpassing 2024 totals at $6.2 billion, whereas weekly inflows hit double the earlier file at $2.12 billion, CoinShares’ head of analysis James Butterfill wrote within the report.
The most recent inflows got here as ETH surged previous $3,500 for the primary time since early January. The highs adopted a number of months of downward strain pushing ETH beneath $1,500 in April, in keeping with CoinGecko.
“The previous 13 weeks of inflows now signify 23% of Ethereum AUM,” Butterfill famous.
New Bitcoin highs don’t disrupt ETP inflows
Bitcoin ETP inflows remained resilient as BTC reached new all-time highs, contrasting with the slowdown seen in early July, a dip Butterfill attributed to rising warning as Bitcoin neared file ranges.
Based on the newest replace, Bitcoin funds posted $2.2 billion of inflows final week, accounting for 50% of complete crypto ETP inflows.
Solana (SOL), XRP (XRP) and Sui (SUI) have been notable for his or her inflows totaling $39 million, $36 million and $9.3 million, respectively.
This can be a creating story, and additional info will probably be added because it turns into out there.
Journal: Bitcoin OG Willy Woo has bought most of his Bitcoin: Right here’s why
