- Crypto ETPs reach a record $211B in assets.
- Bitcoin garnered the largest weekly inflows.
- Ethereum’s inflow streak extends to 12 weeks.
This event highlights increased institutional interest in crypto ETPs and suggests sustained bullish sentiment in the market.
James Butterfill, Head of Research at CoinShares, reported that ETPs saw $3.7 billion inflows, marking the second-highest week on record. Bitcoin’s $2.7 billion inflow contributed significantly, making up 54% of gold’s ETP market cap. Ethereum also saw notable inflows, adding to a 12-week streak of gains.
The U.S. emerged as a leading destination for these inflows, while Germany experienced net outflows, demonstrating a mixed international sentiment. This significant inflow indicates a strong institutional appetite, as ETP trading volumes reached $29 billion, double the year’s average, according to Butterfill.
Bitcoin’s inflow reached $179.5 billion ETP AUM, affirming growing institutional confidence. Ethereum’s 12-week cumulative inflows now represent 19.5% of its assets under management. Solana received $92.6 million, while XRP noted $104 million outflows, highlighting sectoral divergence.
James Butterfill, Head of Research at CoinShares, commented, “Trading activity also intensified, with ETP volumes reaching US$29 billion—double the year’s weekly average… July 10 alone saw the third-largest daily inflow on record, showing intensifying institutional appetite and reinforcing the bullish sentiment that has sustained 13 consecutive weeks of net inflows” – CoinShares Blog
These inflows demonstrate growing demand and may link to potential ETF approvals in key markets, according to historical trends. As institutional confidence solidifies, changes may arise in regulatory environments, potentially affecting cryptocurrencies’ market dynamics significantly.
