Ethereum Leads Massive Inflows, Outshining Bitcoin
By: Eliza Bennet
Digital asset investment products experienced a record-breaking surge, amassing $3.75 billion in net inflows over the past week, as reported by CoinShares. This marks one of the largest weekly gains ever recorded, driven by renewed investor interest in a rising crypto market. Consequently, the total assets under management (AuM) across these products climbed to a fresh peak of $244 billion.
The standout performer during this period was Ethereum, which accounted for $2.87 billion—or 77%—of the total inflows. This influx was particularly concentrated in BlackRock's iShares Ethereum fund (ETHA), which amassed over $2.3 billion alone. The ETHA, recognized as the foremost spot Ethereum ETF, currently manages an impressive $10 billion in assets, underscoring its pivotal role in the overall increase in Ethereum-focused investment during the past year.
Contrastingly, Bitcoin-focused funds saw considerably smaller inflows, totaling $522 million last week, which highlights an ongoing shift in investor preference toward Ethereum. Year-to-date inflows for Ethereum now account for 29% of its AuM, far surpassing Bitcoin's 11.6%. Despite this rapid growth, Bitcoin remains the leading asset in terms of total AuM, boasting $180.7 billion compared to Ethereum's $37.7 billion.
Furthermore, digital assets beyond the top two powerhouses didn't lag behind. Institutional investment interest continued to favor cryptocurrencies such as XRP and Solana, with combined inflows exceeding $300 million, enhancing their cumulative year-to-date totals to over $2 billion. These funds collectively manage over $5 billion in assets, highlighting their growing appeal in the institutional space. The United States emerged as the predominant contributor, accounting for a staggering 99% of total global inflows, with contributions of $3.73 billion. Minor contributions were noted from regions including Canada, Hong Kong, and Australia, though some of these gains were offset by outflows from Sweden and Brazil.
