In a significant development within the cryptocurrency market, crypto funds have reported impressive inflows exceeding $1 billion, showcasing a robust interest in digital assets. According to recent metrics, **Bitcoin exchange-traded products (ETPs)** recorded an inflow of **$790 million** last week, marking a shift in investment dynamics towards **Ether**.
The latest data indicates that global cryptocurrency ETPs have achieved a remarkable milestone, accumulating over **$1.03 billion** in inflows for the trading week ending last Friday. This phenomenal boost in investments reflects a growing investor confidence despite the ongoing volatility surrounding major cryptocurrencies. The year-to-date inflow figures now rest at an astounding **$19 billion**, as <>total assets under management (AUM) in crypto ETPs surged to **$188 billion**, from **$184.4 billion** the previous week.
Bitcoin remains a standout asset with its ETPs dominating the week’s inflow statistics. The significant inflow for Bitcoin, which constituted about **76% of total crypto ETP inflows**, suggests that while enthusiasm for Bitcoin remains high, there are signs of investor caution as Bitcoin approaches its previous all-time highs. This moderation might indicate a period of consolidation ahead of future movements in price.
Interestingly, Ether ETPs have also shown strong resilience with an inflow of **$225 million**, representing the 11th consecutive week of positive inflows. Notably, the inflow trends reveal that Ether’s growth relative to Bitcoin has been significant—averaging **1.6% of AUM** compared to Bitcoin’s **0.8%**. This growing interest in Ethereum may indicate a broader shift in market sentiment toward diversifying investments within cryptocurrencies.
Much of the capital influx last week was attributed to BlackRock’s crypto funds, which captured a staggering **$436 million**, accounting for **42%** of the total inflows. This trend highlights the increasing influence of institutional investors in the cryptocurrency space, which has historically been more focused on Bitcoin. Moving forward, investors and analysts will be closely watching these developments, particularly as they could set the stage for new trends in the crypto markets.
