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Cryptocurrency exchange-traded products (ETPs) marked their fifth consecutive week of inflows, amassing $1.3 billion. Ether-based ETPs led the charge with a notable $793 million in inflows, according to a report by CoinShares on February 10.
This surge in Ether ETPs, which occurred as the price of ETH fell below $2,700 on February 6, was described by CoinShares research director James Butterfill as "significant buying-on-weakness."
Ether ETPs, with their impressive performance, outshone Bitcoin ETPs inflows by 95% in the past trading week. This is the first time in 2025 that Ether ETPs have surpassed Bitcoin ETPs in terms of weekly inflows, a feat that was last observed in late 2024. Despite the weekly triumph for Ether, Bitcoin maintains its lead in year-to-date (YTD) inflows, boasting nearly $6 billion, a figure 505% higher than that of Ether’s YTD inflows.
In contrast, Bitcoin ETPs witnessed a 19% decrease in inflows from the previous week, totaling $407 million. Other cryptocurrencies also experienced growth in their ETP inflows. XRP ETPs saw a 45% increase from $14.5 million to $21 million, while Solana ETPs jumped 148% week-over-week, with inflows of $11.2 million.
However, the total assets under management (AUM) for crypto ETPs declined to $163 billion last week, a drop of approximately 4% from the preceding week. This recent decrease also reflects an 11% fall from the all-time high of $181 billion set in late January. Butterfill attributes the decline in total crypto ETP AUM to recent price drops in the market.
Among individual products, the iShares Bitcoin Trust (IBIT) managed by BlackRock (NYSE:BLK) experienced the largest inflows, with $315 million added last week. On the flip side, Fidelity’s Wise (LON:WISEa) Origin Bitcoin Fund faced the most significant outflows, with $217 million withdrawn in the same period.
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