Cryptocurrency funding merchandise ended final week within the inexperienced, marking 15 consecutive weeks of inflows, at the same time as Bitcoin funds noticed minor outflows.
World crypto exchange-traded merchandise (ETPs) recorded $1.9 billion of inflows in the course of the buying and selling week ending Friday, July 25, in line with a Monday report from the European crypto asset supervisor CoinShares.
The newest inflows got here regardless of heightened market volatility as Bitcoin (BTC) tumbled to as little as $115,000 by the tip of the week, whereas Ether (ETH) briefly dropped under $3,600 final Thursday, in line with CoinGecko.
The brand new positive aspects introduced the year-to-date (YTD) inflows to a brand new excessive of $29.5 billion, whereas complete property beneath administration (AUM) for the primary time reached $221.4 billion. Month-to-date inflows additionally broke a brand new document of $11.2 billion, surpassing the earlier document of $7.6 billion seen in December 2024 following the US election.
Ether ETPs see second-largest inflows on document
Nearly all of final week’s positive aspects had been pushed by Ether funding merchandise, which noticed $1.59 billion in inflows. In keeping with CoinShares’ head of analysis, James Butterfill, the determine represents the second-largest weekly influx ever recorded for Ether ETPs.
Solana (SOL) and XRP (XRP) adopted Ether ETPs in recorded positive aspects final week, with inflows totaling $311.5 million and $189.6 million, respectively.
However, Bitcoin ETPs noticed minor outflows of $175 million as BTC funding merchandise ended a 12-day influx streak final Monday.
In keeping with Butterfill, the divergence within the flows between Bitcoin and altcoins highlights potential anticipation of altcoin ETFs fairly than a broader altcoin season.
“These altcoin inflows could also be pushed much less by broad-based enthusiasm and extra by anticipation surrounding potential US ETF launches,” Butterfill mentioned.
He added that a number of altcoin ETPs noticed minor outflows, together with Litecoin (LTC) and Bitcoin Money (BCH), $1.2 million and $0.7 million in outflows.
This can be a growing story, and additional info can be added because it turns into out there.
Journal: Robinhood’s tokenized shares have stirred up a authorized hornet’s nest
