Cryptocurrency ETPs Attract $3.7 Billion in Weekly Inflows
Cryptocurrency exchange-traded products (ETPs) recorded $3.7 billion in inflows during the last trading week, pushing total assets under management to a record $211 billion. This surge highlights growing institutional interest in digital assets.
Bitcoin ETPs Dominate Inflows
Bitcoin (BTC) ETPs led the market with $2.7 billion in inflows, representing 73% of the total. This marks a strong recovery from the previous week’s $790 million as Bitcoin’s price reached new all-time highs above $112,000.
Ethereum ETPs Show Consistent Growth
Ethereum (ETH) ETPs extended their inflow streak to 12 consecutive weeks, totaling $990 million. These inflows now account for 19.5% of Ethereum’s total assets under management.
Issuer Performance and Market Trends
US-based issuers captured most inflows, with BlackRock’s iShares leading at $2.4 billion. Fidelity Investments and ARK Invest followed with $400 million and $339 million respectively. While XRP ETPs saw $104 million in outflows, Solana ETPs attracted $92.6 million.
Market Outlook
The crypto market demonstrates strong momentum, with Bitcoin ETP assets now equaling 54% of gold ETP holdings. This performance reflects increasing mainstream acceptance of digital assets as a legitimate investment class.
