Cryptocurrency investments reached an unprecedented $3.85 billion in weekly inflows, bringing the total inflows for the year to $41 billion and assets under management (AuM) to over $165 billion, according to CoinShares data. The United States led this surge with $3.6 billion, followed by Switzerland with $160 million, Germany with $116 million, Canada at $14 million, and Australia contributing $10 million.
Bitcoin remained the primary driver, attracting $2.5 billion in inflows and boosting its year-to-date total to $36.5 billion. Ethereum followed with its highest-ever weekly inflow of $1.2 billion, reaching over $1.3 billion in two weeks as institutional adoption accelerates. However, Solana experienced $14 million in outflows, marking its second straight week of declines.
XRP also showed notable growth, amassing $134.3 million in inflows amid anticipation of a U.S.-based XRP ETF. This optimism pushed XRP’s price to a seven-year high of $2 before settling at $2.13. Over the past month, XRP has gained an impressive 337%, solidifying its market position.
Investors remained cautious about shorting Bitcoin despite its price rally above $100,000, as short Bitcoin products saw only $6.2 million in inflows. CoinShares’ analysis suggests hesitation to bet against Bitcoin’s strong momentum, even with its substantial price surge.
U.S.-based Bitcoin ETFs, including BlackRock’s IBIT and Fidelity’s FBTC, were key contributors to the inflows. BlackRock’s IBIT brought in over $3 billion, while Fidelity’s FBTC added $262 million. Combined, these ETFs now hold more Bitcoin than its pseudonymous creator, Satoshi Nakamoto.
Other altcoins also attracted investment, with Cardano (ADA) drawing $5.2 million, alongside smaller inflows for Binance Coin (BNB), Litecoin, and Chainlink. Conversely, multi-asset crypto products saw outflows of $6.3 million.
These record inflows underscore the rising institutional interest in digital assets. Ethereum’s increased adoption, XRP’s ETF-driven momentum, and Bitcoin’s dominance continue to fuel the market’s growth. Despite some setbacks, the overall trajectory of the crypto market remains optimistic and bullish.