Ether Dominates ETP Inflows Despite Bitcoin’s New All-Time Highs
Cryptocurrency investment products continued their bullish streak last week, recording $3.75 billion in inflows, according to CoinShares. Surprisingly, Ether ETFs (exchange-traded products) took center stage, outshining Bitcoin despite BTC’s surge above $124,000.
Ether ETFs Lead the Charge
While Bitcoin remains the largest cryptocurrency by market capitalization, Ether dominated investment product inflows last week.
- Ether (ETH) ETFs brought in a massive $2.9 billion, making up the majority of inflows.
- ETH price climbed near its all-time high of $4,700, according to CoinGecko.
Meanwhile, Bitcoin ETFs recorded inflows of just $552 million—roughly 15% of the total weekly inflows.
This marks a clear shift in investor appetite, showing growing confidence in Ether as a strong alternative to Bitcoin.
Altcoins See Mixed Results
Alongside Ether’s strong inflows, several altcoins also saw significant investor interest:
- Solana (SOL) gained $176.5 million in inflows.
- XRP (XRP) followed closely with $125.9 million.
- On the flip side, Litecoin (LTC) and Toncoin (TON) saw modest outflows of $0.4 million and $1 million respectively.
Record-Breaking ETF Trading Volumes
According to Bloomberg ETF analyst Eric Balchunas, last week marked the highest trading volume week ever for spot crypto ETFs:
- Combined Bitcoin and Ether ETFs hit $40 billion in volume in just four trading days.
- Ether ETFs alone contributed around $17 billion, smashing their previous records.
NovaDius president Nate Geraci commented that spot Ether ETFs had “absolutely obliterated” their prior weekly trading volume record—silencing critics who doubted demand.
Shorter Inflow Streaks, Strong Momentum
Despite the massive numbers, inflow streaks for both Bitcoin and Ether ETFs have become shorter:
- Ether ETFs saw $3.7 billion in inflows during their latest eight-day streak since Aug. 5.
- Bitcoin ETFs recorded $1.3 billion in inflows over a seven-day streak.
This trend contrasts with earlier inflow runs:
- Ether’s 20-day streak in July.
- Bitcoin’s 15-day streak in June.
Still, the recent activity highlights robust institutional demand for both BTC and ETH.
What This Means for the Crypto Market
Ether’s dominance in ETF inflows indicates that institutional investors are diversifying beyond Bitcoin. With ETH nearing all-time highs and breaking records in ETF trading volume, the asset is increasingly being viewed as a serious contender alongside BTC.
If this momentum continues, Ether could play a much larger role in global crypto markets, especially as regulatory clarity improves worldwide.
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