Cryptocurrency investment products saw renewed inflows last week, reversing the previous week’s $1.4 billion outflows.
According to CoinShares data released Monday, crypto exchange-traded products (ETPs) drew $2.48 billion in inflows over the week.
Despite the influx of investment, Bitcoin prices remained under pressure, dipping below $108,000 after briefly climbing above $113,000 earlier in the week, CoinGecko data showed.
Ether experienced a similar decline, falling below $4,300 after starting the week above $4,600, reflecting Bitcoin’s volatility.
Spot Ether ETPs continue to lead
Last week’s inflows, while significant compared to the prior week, were still well below the $4.4 billion record recorded in July. Spot Ether exchange-traded funds (ETFs) remained the market leader, attracting $1.4 billion in inflows, while Bitcoin-focused funds saw more modest gains of $748 million.
Both Ether and Bitcoin ETFs saw outflows last Friday, ending a six-day inflow streak for Ether and a four-day streak for Bitcoin, according to SoSoValue data.
Meanwhile, Solana and XRP continued to benefit from optimism around potential U.S. ETF launches, recording inflows of $177 million and $134 million, respectively, according to CoinShares.
August inflows total $4.4B, AUM dips 10%
Despite $4.37 billion in inflows during August and $35.5 billion year-to-date (YTD), crypto fund assets under management (AUM) fell roughly 7%, dropping to $219 billion from $234.7 billion the previous week.
August inflows were considerably lower than July, when crypto ETFs saw a record $12 billion amid a 15-week consecutive inflow streak.
Year-to-date (YTD) inflows into crypto funds have jumped 58%, rising to $35.5 billion compared with $22.4 billion as of September 2, 2024, while assets under management (AUM) have surged 165% over the same period.
Despite continued fund inflows, Bitcoin saw $301 million in month-to-date outflows as of Saturday, whereas Ether ETPs accounted for nearly $4 billion—more than 91% of total inflows in August.
