Record-Breaking Inflows into Crypto Funds Signal Strong Market Momentum
The cryptocurrency market has seen an unprecedented surge in weekly inflows, with crypto funds attracting a record $4.4 billion. This marks the 14th consecutive week of gains, highlighting sustained bullish momentum. CoinShares reported these figures, underscoring growing investor interest in digital assets.
Ether ETPs Surpass Previous Year’s Totals
Ether Exchange-Traded Products (ETPs) have exceeded their 2024 total inflows, reaching $6.2 billion. This milestone coincided with Ether’s price rebound above $3,500 – a level not seen since early January. James Butterfill, CoinShares‘ Head of Research, noted the significance of these developments in his latest report.
Bitcoin ETPs Show Resilience Amid Price Swings
Despite Bitcoin’s volatility – peaking above $122,000 before stabilizing near $120,000 – Bitcoin ETP inflows remained robust. These accounted for half of all crypto ETP inflows, demonstrating Bitcoin’s continued dominance. CoinGecko data confirms this trend.
Year-to-Date Inflows Hit New Record
Crypto ETP inflows have reached $27 billion year-to-date, with assets under management surpassing $220 billion for the first time. This growth reflects increasing mainstream acceptance of cryptocurrencies.
Altcoins Gain Traction
Beyond the major players, Solana (SOL), XRP, and Sui (SUI) posted notable inflows of $39 million, $36 million, and $9.3 million respectively. This diversification indicates broadening market appeal.
