Crypto ETF investments reach $7.5 billion as Bitcoin stagnates and Ethereum gains momentum.
Last week, investment products in digital assets saw an influx of $785 million, raising the total for the year to $7.5 billion, as reported by CoinShares.
This new amount sets a record, exceeding the previous peak of $7.2 billion noted earlier in February.
James Butterfill, the research director at CoinShares, highlighted that this milestone indicates a complete recovery from the capital withdrawal experienced during February and March amid downturns in the crypto market.
Bitcoin inflow decelerates
As per CoinShares, products linked to Bitcoin still received the majority of investments, attracting $557 million in weekly inflows.
Although this sum is significant, it represents a decrease compared to the $867 million from the prior week.
Butterfill suggested that the decline is due to increasing caution among investors, prompted by more assertive signals from the US Federal Reserve.
Conversely, short-Bitcoin products recorded their fourth consecutive week of inflows, amounting to $5.8 million.
This pattern indicates that some investors are either hedging their bets or anticipating a potential short-term decrease.
In the last month, Bitcoin’s value increased by over 20%, reaching a peak of $106,000 this weekend before settling at $102,000 at the time of reporting.
Ethereum shines among altcoins
Ethereum emerged as the leading altcoin, garnering $205 million in new investments last week, with its total for the year now at $575 million.
The rise in capital flow is attributed to Ethereum’s recent Pectra upgrade and leadership transitions within the Ethereum Foundation.
These changes involve the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors, while Vitalik Buterin moves into a research-focused role.
Following these developments, Stańczak indicated that the network aims to enhance Layer 1 scaling, provide support for Layer 2, and improve user experience—all vital for upcoming upgrades like Fusaka and Glamsterdam, which are designed to boost interoperability and accessibility.
Among other altcoins, Sui attracted $9.3 million in inflows, pushing its year-to-date total to $91 million, while XRP saw $4.9 million, raising its cumulative total to $263 million.
In contrast, Solana was the only major altcoin to experience outflows last week, losing $890,000 and bringing its yearly total down to $75 million.
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