Key Takeaways:
- Crypto investment products saw $3.75B in weekly inflows, the fourth-largest ever.
- Ethereum-led funds dominated, accounting for 77% of total inflows.
- Total crypto assets under managementq hit a record $244B, highlighting institutional demand.
Crypto Weekly Inflows Surge Led by Ethereum
The global crypto investing products total net inflows were $3.75 bn last week, a figure that ranks this week as the 4th largest in history, per CoinShares. The near-total inflows determined by the US highlight the spreading institutional interest in digital assets.
The main stream of Ethereum-oriented funds took charge of the situation, $2.87 billion being raised which is 77% of the total net input. Ethereum year-to-date inflows raked up $11 billion with this jump, which is 29% of the total assets under management (AUM). In contrast, Bitcoin products saw inflows totaling only $552 million which is 11.6% of total AUM. Meanwhile, the two most popular altcoins, Solana and XRP, attracted $176.5 million and $125.9 million to their funds, respectively; whereas the interest in Litecoin and Ton decreased a bit.
CoinShares James Butterfill, Head of Research, said that as of August 13, the total crypto AUM had8 set a new record of $244 billion, largely due to higher asset prices and new allocations. Most of last week’s inflows were concentrated in one provider — BlackRock’s iShares Ethereum Trust ETF — showing that institutional investors deeply trust Ethereum. The smaller inflows were reported in Canada (33.7M$), Hong Kong (20.9M$), and Australia (12.1M$), whereas Brazil (-10.6M$) and Sweden (-49.9M$) witnessed outflows of a similar level.
Ethereum Dominates Institutional Crypto Demand
The inflows tell us that Ethereum is still the first choice for institutional investors when it comes to crypto projects. On the contrary, although Bitcoin is still holding on to its popularity, at the end of the day, savvy investors opt for Ethereum-based products due to their solid growth prospect and blockchain technology-based ecosystem utility. The fact that the largest flow of funds was in products based in the US gave a hint about the Cryptowave country’s holding the key of Financial Innovation and being the global Pioneer in Cryptocurrency Adoption.
As institutions continue to embrace Ethereum and other crypto assets, AUM is expected to grow further, with Ethereum funds likely maintaining their lead in inflows. The data reinforces the trend that digital assets are becoming an essential component of diversified investment portfolios.
Summary:
Last week’s $3.75 billion inflows reflect record institutional demand, led by Ethereum’s $2.87 billion surge. Crypto AUM hit $244B, with U.S.-based funds, especially BlackRock’s ETF, dominating. Ethereum remains the preferred choice for investors.
Also Read: SharpLink Stock Drops ~15% After Reporting $103M ETH-Linked Quarterly Loss
FNZR6XLN
