Crypto investment products see $3.75 billion in weekly inflows led by Ethereum: CoinShares

Global crypto investment products notched $3.75 billion in net inflows last week — the fourth-largest weekly tally on record — with nearly all of the money landing in U.S. vehicles and the bulk of it targeting ether, CoinShares reported on Monday.

Total assets under management rose to an all-time high of $244 billion on Aug. 13 amid rising prices and new allocations, according to the firm’s Head of Research, James Butterfill.

CoinShares said Ethereum products dominated last week’s flows with a record $2.87 billion of net inflows, 77% of the weekly total, lifting year-to-date ETH inflows to a record $11 billion. On a proportional basis, YTD ETH inflows now equal 29% of assets under management, far outpacing bitcoin’s 11.6%, the company added.

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Bitcoin products recorded $552 million in net inflows, a fraction of ether’s pace but still positive. Among altcoins, Solana funds saw $176.5 million and XRP products took in $125.9 million, while Litecoin and Ton posted small outflows of about $0.4 million and $1 million, respectively.

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Flows were unusually concentrated by region and funds. About 99%, or $3.73 billion, originated in the United States, and “almost all” were focused on a single provider and one specific product — BlackRock and its iShares Ethereum Trust ETF, CoinShares wrote. Smaller inflows were reported in Canada ($33.7 million), Hong Kong ($20.9 million), and Australia ($12.1 million), while Brazil (-$10.6 million) and Sweden (-$49.9 million) saw modest outflows.