Ethereum Drives Record-Breaking $3.85B Crypto Investment Inflows

Key Takeaways

• Ethereum experienced significant inflows last week.
• Solana faced consecutive weeks of outflows, indicating potential concerns or waning interest.
• The broader blockchain sector, including blockchain equities, witnessed increased investor interest driven by improving Bitcoin miner margins.

Crypto investment products saw record inflows last week, marking the largest weekly surge in the sector’s history. This massive influx eclipsed previous highs, signaling a sharp increase in investor confidence.

Record-Breaking Crypto Investment Inflows

According to CoinShares , crypto investment products saw a historic influx last week, with a staggering $3.85 billion pouring in—marking the largest weekly inflow ever recorded in the sector.

This surge far surpassed the previous high set just weeks earlier, underscoring growing investor confidence in crypto assets.

Year-to-date inflows now total $41 billion, pushing assets under management to a new all-time high of $165 billion—well above the 2021 peak, when inflows totaled $10.6 billion, and assets under management (AUM) peaked at $83 billion.

Geographically, inflows were widespread, with the U.S. leading the charge at $3.6 billion.

Other significant contributors included Switzerland with $160 million, Germany with $116 million, Canada with $14 million, and Australia with $10 million.

Bitcoin (BTC) dominated inflows with $2.5 billion, bringing its year-to-date total to an impressive $36.5 billion.

Meanwhile, short Bitcoin products saw modest inflows of $6.2 million, indicating investor caution in betting against the cryptocurrency’s recent bullish momentum.

Ethereum’s Milestone Inflows Eclipse Solana

Ethereum (ETH) saw its largest weekly inflow on record last week, with $1.2 billion pouring in—surpassing even the ETF-driven surges in July.

The influx marks a sharp contrast to Solana’s (SOL) recent struggles, which experienced $14 million in outflows for the second consecutive week.

The broader blockchain sector also experienced a resurgence, with blockchain equities drawing $124 million in inflows—the largest weekly gain since January.

This uptick is largely attributed to stronger margins for Bitcoin miners, which have helped restore investor confidence.

While ETF providers did not specify inflows by asset class, BlackRock’s iShares (IBIT) led the pack with $3.2 billion in inflows last week, bringing its year-to-date total to $37.07 billion.

In contrast, Grayscale Bitcoin Trust (GBTC) saw the largest outflow of the week, totaling $340 million, pushing its 2024 outflows to $20.61 billion.