Digital asset investment products recorded a substantial $3.75 billion in inflows last week, marking the fourth-largest inflow on record. The surge was overwhelmingly driven by Ethereum (ETH) ETFs, which secured a record-breaking $2.87 billion in fresh capital.
BlackRock’s iShares Ethereum Trust (ETHA) led the charge, attracting an estimated $2.3 billion in inflows for the week alone and amassing a total of $15.69 billion in assets under management.
While Bitcoin, Solana, and XRP also saw significant inflows, Ethereum’s recent performance has cemented its role as the primary catalyst for the current wave of crypto investment, with its year-to-date inflows now at a record $11 billion.
Crypto exchange-traded funds (ETFs) have set a new milestone, with spot Bitcoin and Ether ETFs recording a combined $40 billion in trading volume over just four days. Ethereum ETFs were the primary drivers of this record, hitting about $17 billion in weekly trading volume alone. According to Bloomberg analyst Eric Balchunas, the surge has been so intense that he dubbed it “ETHSANITY.”
While trading activity has been explosive, the length of consecutive inflow streaks has shortened, with Ether ETFs recently completing an eight-day run and Bitcoin ETFs a seven-day streak. This recent data, which shows a key theme of strong demand for Ether ETFs, suggests a shift in the crypto landscape where Ethereum is increasingly competing with Bitcoin for investor attention.
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