Cryptocurrency investments such as U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have reached their fifth consecutive week of inflows as investors buy Ethereum (ETH) products amid another price dip.
According to the latest CoinShares report, weekly digital asset investments have maintained bullish momentum, drawing a total of $1.3 billion in week five of an inflow streak.
So far this year, crypto investment product inflows total $7.3 billion, though recent market declines brought the total assets under management (AUM) down from its all-time high of $181 billion in late January.
Bitcoin exchange-traded products (ETPs) captured $407 million in net inflows, though notably, BTC exchange-traded products (ETPs) now represent over 7% of BTC’s market cap.
Spot BTC ETFs accounted for $203.54 million of the week’s inflows. The funds currently command $114.44 billion in net assets or 5.93% of BTC’s market cap.
Ripple (XRP) products also pulled a sturdy $21 million, as did Solana (SOL) with $11 million. Finally, blockchain equities captured $33 million, bringing year-to-date inflows to $194 million.
Ethereum investments were a standout success, accounting for more than half of the week’s figures and having sturdy inflows of $793 million.
Spot Ethereum ETFs contributed significantly to that figure as funds pulled $307.77 million, their third-highest day of inflows, on Feb. 4, 2025. This allowed funds to wrap the week with $420.06 million in total net inflows, outperforming BTC funds.
As the report notes, ETH’s price retreat back under $3,000 has prompted a “buy-on-weakness” moment from investors eager to get in on ETH’s ongoing underperformance.
After taking a 16.67% tumble in the past 30 days, ETH has seen just a 7.03% increase YTD, lagging far behind other major tokens on the market.