Record-Breaking Inflows into Crypto Funds Signal Strong Market Momentum
The cryptocurrency market has seen a historic surge in weekly inflows, with crypto funds drawing a record $4.4 billion. This marks the 14th straight week of gains, showcasing sustained bullish momentum. CoinShares reported these numbers, highlighting increasing investor interest in digital assets.
Ether ETPs Outperform Previous Year’s Inflows
Ether Exchange-Traded Products (ETPs) have surpassed their 2024 total inflows, hitting $6.2 billion. This achievement came as Ether’s price climbed back above $3,500, a level not reached since early January. James Butterfill, CoinShares’ Head of Research, emphasized the importance of these developments in his recent report.
Bitcoin ETPs Remain Strong Despite Market Volatility
Even with Bitcoin‘s price swings—peaking over $122,000 before settling near $120,000—Bitcoin ETP inflows stayed strong. These made up half of all crypto ETP inflows, proving Bitcoin’s ongoing market leadership. CoinGecko data supports this trend.
Year-to-Date Inflows Set New Highs
Crypto ETP inflows have soared to $27 billion this year, with managed assets exceeding $220 billion for the first time. This growth signals wider acceptance of cryptocurrencies in the mainstream financial world.
Growing Interest in Altcoins
Apart from the leading cryptocurrencies, Solana (SOL), XRP, and Sui (SUI) saw significant inflows of $39 million, $36 million, and $9.3 million, respectively. This variety points to a broadening interest across the crypto market.
Spot Bitcoin ETFs See Outflows After 12-Day Inflow Streak
Spot Bitcoin ETFs experienced $131.35 million in net outflows on Monday, ending a 12-day inflow streak that totaled $6.6 billion. ARK Invest’s ARKB led the outflows with $77.46 million, followed by Grayscale’s GBTC ($36.75 million) and Fidelity’s FBTC ($12.75 million), as per SoSoValue data.
Analyzing the Market’s Direction
Vincent Liu, CIO at Kronos Research, shared with Cointelegraph that these outflows are part of normal profit-taking, not a sign of market panic. “This shows careful portfolio rebalancing after significant gains,” Liu stated. “It’s about strategic positioning, not selling out of fear.”
Market Overview
Despite the Monday outflows, total Spot Bitcoin ETF assets stand firm at $151.60 billion. Earlier in July, the market celebrated record inflows, including consecutive days with over $1 billion on July 10-11.
Ethereum ETFs Maintain Growth Trajectory
Spot Ether ETFs continued their inflow streak for 12 days, adding $296.59 million on Monday. The sector recorded its highest single-day inflow ($726.74 million) on July 16, underlining persistent investor confidence in Ethereum offerings.
