Cryptocurrency investment vehicles continued to attract significant capital last week, even as the broader market faced price swings.
CoinShares reported $1.04 billion in inflows into crypto exchange-traded products (ETPs) for the week ending Friday.
Bitcoin Still Dominates, But Interest in Ether Grows
Bitcoin-related ETPs led the inflows, attracting $790 million, which represents 76% of the weekly total.
While this is a strong showing, it marks a slowdown from the previous three weeks, where average weekly inflows hit $1.5 billion.
CoinShares’ James Butterfill noted the decline may indicate investor caution as Bitcoin approaches its all-time high.
Ethereum-related products also saw sustained interest, with $225 million in inflows.
That makes it 11 consecutive weeks of gains for Ether ETPs.
Butterfill highlighted that weekly inflows during this run averaged 1.6% of AUM—twice the rate of Bitcoin’s 0.8%—suggesting a shift in investor sentiment.
BlackRock and the U.S. Lead the Charge
BlackRock was the top issuer last week, attracting $436 million in new funds, or 42% of the total inflows.
Regionally, the U.S. led with $1 billion in inflows, followed by Germany and Switzerland with $38.5 million and $33.7 million, respectively.
