Crypto ETPs See $1B Weekly Inflows as Ethereum ETFs Gain on Bitcoin

Cryptocurrency investment vehicles continued their winning streak last week, recording more than $1 billion in inflows despite increased volatility across digital asset markets. According to a July 8 report by CoinShares, global crypto exchange-traded products attracted $1.03 billion for the week ending July 5, bringing total year-to-date inflows to just under $19 billion - a new historical record.

While Bitcoin ETPs remained dominant in absolute terms, Ethereum investment products are gaining ground. Ether posted its 11th straight week of inflows, with rising market confidence suggesting that investor sentiment is gradually shifting in favor of Ethereum amid expectations of further institutional adoption.

Bitcoin ETPs continued to lead all products with $790 million in weekly inflows - roughly 76% of total crypto ETP flows. However, this figure represents a slowdown compared to the three-week average of $1.5 billion, raising questions about whether investor enthusiasm is cooling as Bitcoin nears its all-time high of $111,000.

“The moderation in inflows suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels,” wrote CoinShares’ head of research James Butterfill. BTC’s performance continues to be influenced by macroeconomic uncertainty, including U.S. Federal Reserve policy and global liquidity shifts. Institutional investors remain the driving force behind ETP inflows, with Bitcoin ETFs in the U.S. accounting for the lion’s share of new capital.