Crypto ETF inflows hit $7.5 billion as Bitcoin fatigues while Ethereum accelerates
Bitcoin inflows dip as investor caution rises, creating room for Ethereum's strong performance.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Digital asset investment products attracted $785 million in inflows last week, bringing the year-to-date (YTD) total to $7.5 billion, according to CoinShares‘ latest report.
This figure marks a new record, surpassing the previous high of $7.2 billion recorded in early February.
James Butterfill, CoinShares' head of research, also noted that the milestone signals a full recovery from the outflows seen between February and March when crypto markets slumped.
Bitcoin inflow slows
According to CoinShares, Bitcoin-related investment products continued to attract the lion's share of capital, pulling in $557 million in weekly inflows.
While this figure remains substantial, it marks a decline from the $867 million it drew the previous week.
Butterfill attributed the dip to renewed caution from investors following more aggressive policy signals from the US Federal Reserve.
However, short-Bitcoin products logged their fourth straight week of inflows, totaling $5.8 million.
This trend implies that some investors are hedging their positions or speculating on a potential short-term pullback.
Over the past month, Bitcoin's price surged more than 20% to as high as $106,000 this weekend before easing to $102,000 at press time.
Ethereum leads altcoin surge
Ethereum emerged as the top-performing altcoin with $205 million in new inflows last week. Its year-to-date total now stands at $575 million.
CoinShares linked the momentum to Ethereum's recent Pectra upgrade and internal leadership shifts within the Ethereum Foundation.
The changes include the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors, with Vitalik Buterin transitioning to a research-oriented role.
Following the moves, Stańczak emphasized that the network is focusing on Layer 1 scaling, Layer 2 support, and improved user experience. These efforts would be central to Ethereum's upcoming upgrades, including Fusaka and Glamsterdam, to enhance interoperability and accessibility.
Among other altcoins, Sui attracted $9.3 million in inflows, pushing its year-to-date flows to $91 million. XRP followed with $4.9 million, lifting its total to $263 million.
In contrast, Solana was the only major altcoin to post outflows last week, losing $890,000 and trimming its yearly total to $75 million.
