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Crypto Investment Products See $3.75B Inflows as Ether ETPs Lead the Charge
- Global crypto ETPs recorded a massive US$3.75 billion in inflows last week, setting new records despite negative outflows on Friday for US Bitcoin and Ethereum ETFs.
- Ethereum was the primary driver with US$2.86 billion in ETP flows as its price surged to a 2025 high of US$4,756 before correcting 9% to current levels around US$4,320.
- US Ethereum ETFs significantly outperformed Bitcoin ETFs with US$2.8 billion net inflows compared to Bitcoin’s US$547.6 million net outflows for the week.
- The United States dominated ETP flows with US$3.725 billion of the total, while trading volumes reached record levels of approximately US$40 billion for the week.
Despite outflows on Friday for US Bitcoin and Ethereum exchange-traded funds (ETFs), the broader group of exchange-traded products (ETPs) recorded a record-breaking week. According to a CoinShares report, global crypto ETPs saw inflows of US$3.75 billion (AU$5.76 billion) last week.
Last Week’s ETP and ETF Flows Break Records
Ethereum (ETH) was the single largest driver of inflows, as its price surged to a new 2025 high of US$4,756 (AU$7,311). While this represented an impressive 220% rally from its April low, the second-largest cryptocurrency remains below its 2021 all-time high.
Related: U.S. Treasury Seeks Input on Digital ID Tools to Tackle Illicit Crypto Finance
Since last week’s peak, Ether has corrected by roughly 9% and is currently trading at US$4,320 (AU$6,642). US spot Ethereum ETFs also outperformed BTC ETFs again last week. ETH funds attracted US$2.8 billion (AU$4.3 billion) of net inflows, despite Friday outflows of US$59.3 million (AU$91.2 million).
By comparison, US Bitcoin ETFs recorded only US$547.6 million (AU$842.2 million) of net inflows, with Friday alone seeing US$14.1 million (AU$21.7 million) of outflows. Total ETP flows for the week were US$552 million (AU$849 million) for Bitcoin and US$2.86 billion (AU$4.4 billion) for Ethereum.
Other notable ETP inflows included US$176.5 million (AU$271.4 million) for Solana (SOL), US$125.9 million (AU$193.6 million) for XRP, and US$11.2 million (AU$17.2 million) for Sui. Litecoin saw small outflows, while other ETPs experienced minimal inflows.
Another interesting fact about last week is that BlackRock was by far the biggest provider with 85% of weekly flows:
Unusually, almost all inflows were concentrated in a single provider, iShares, and one specific investment product. Total assets under management (AuM) reached an all-time high of US$244bn on 13th August following recent price rises.
CoinShares US Largest Player in Crypto ETPs as Trading Volume Surges
Unsurprisingly, the United States captured the lion’s share of flows, with US$3.725 billion (AU$5.72 billion) out of the global total of US$3.748 billion (AU$5.76 billion). Investors in Brazil, Germany, and Sweden, however, took some profits, as shown in the chart below.
Beyond the strong net inflows, last week also set a record for trading volume. According to Bloomberg ETF analyst Eric Balchunas, “ETPs did about US$40 billion in volume this week”, with Ether alone accounting for US$17 billion (AU$26.1 billion).
Related: Centrifuge Surpasses US$1B TVL as Institutions Embrace Real-World Assets
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Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
