Digital asset investment products experienced another strong week of inflows, led by the surging popularity of Ether-based exchange-traded products (ETPs).
According to European asset manager CoinShares, global crypto ETPs attracted $3.75 billion during the week ending Friday. The bulk of this momentum was fueled by Ether, which has been approaching its previous all-time highs near $4,700, with CoinGecko data showing the token trading around $4,352 last Thursday.
However, the week ended with some caution. After four days of continuous inflows, both Bitcoin and Ether funds recorded outflows on Friday, SoSoValue reported.
Bitcoin Inflows Lag Behind Despite Record Price Levels
While Bitcoin briefly surpassed $124,000 midweek, the rally failed to translate into major ETP demand. BTC-related products attracted only $552 million, about 15% of total weekly inflows.
By comparison, Ether ETPs drew in $2.9 billion, underscoring rising investor confidence in the second-largest cryptocurrency.
Other altcoins also saw notable flows:
- Solana (SOL) gained $176.5 million
- XRP added $125.9 million
- Litecoin (LTC) and Toncoin (TON), however, posted minor outflows of $0.4 million and $1 million, respectively.
Record-Breaking ETF Trading Volumes
Bloomberg ETF analyst Eric Balchunas revealed that last week delivered the highest trading volume ever for spot crypto ETFs. In just four trading sessions, spot Bitcoin and Ether ETFs handled nearly $40 billion in trades, with Ether products driving most of the activity.
“ETHSANITY: Ether ETFs weekly volume was about $17 billion, shattering the previous record,” Balchunas wrote on X.
Similarly, Nate Geraci, president of NovaDius, emphasized that spot Ether ETFs “absolutely obliterated” prior trading volume records, pointing out that doubts about market demand have been firmly dispelled.
Shorter Inflow Streaks Emerging
Despite Ether’s dominance in recent weeks, the duration of inflow streaks has been shrinking.
Data from SoSoValue shows that since August 5, spot Ether ETFs have accumulated $3.7 billion across an eight-day inflow streak. Meanwhile, Bitcoin ETFs only managed a seven-day streak, with inflows totaling $1.3 billion.
This contrasts with earlier runs: a 20-day inflow streak for Ether in July and a 15-day run for Bitcoin in June.
Download the FREE Bitcoin Mining eBook
Kickstart your mining journey with essential insights:
https://bitmernmining.com/landing-page-ebook-download/
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always intere
