Cryptocurrency investment products experienced gains last week, bouncing back after the previous week ended a record 15-week inflow streak totaling $27.8 billion.
According to European crypto asset manager CoinShares, global crypto exchange-traded products (ETPs) recorded $572 million in inflows during the trading week ending Friday.
These inflows coincided with a recovery in Bitcoin and Ether prices, with ETH hitting the significant $4,000 milestone for the first time since December 2024.
With the gains, year-to-date (YTD) inflows edged up to a new historic high of $30.7 billion, while total assets under management (AUM) for the first time reached $226 billion.
Markets react to 401(k) approval
James Butterfill, head of research at CoinShares, attributed last week’s rebound in crypto ETP inflows to the US government’s announcement on Thursday allowing digital assets in 401(k) retirement plans.
However, earlier in the week, outflows had hit $1 billion, likely driven by growth worries following weak US payroll data, Butterfill added.
“In the latter half of the week, however, we saw $1.57 billion of inflows, likely spurred by the government’s announcement permitting digital assets in 401(k) retirement plans,” he wrote.
Ether ETPs dominated the market
Following significant growth in July, Ether ETPs maintained their market leadership last week, drawing the largest inflows among crypto assets at nearly $270 million.
“This brought year-to-date inflows to a record $8.2 billion, while recent price increases have pushed total assets under management to an all-time high of $32.6 billion, marking an 82% rise so far this year,” Butterfill stated.
Bitcoin ETPs experienced a strong rebound last week after two consecutive weeks of outflows, with inflows reaching $265 million, according to CoinShares data.
Meanwhile, altcoin ETPs tracking Solana, XRP, and Near attracted inflows of $21.6 million, $18.4 million, and $10.1 million, respectively.
