Cryptocurrency investment funds brought in $1.9 billion last week in its 15th consecutive week of inflows, even as Bitcoin products saw some money leave, according to a new report from CoinShares.
The fresh inflows came during a volatile stretch for crypto markets. Bitcoin dropped as low as $115,000 by Friday, while Ether briefly fell below $3,600. Still, total assets under management reached a new record of $221.4 billion, with year-to-date inflows hitting $29.5 billion. July alone has brought in $11.2 billion, breaking the previous monthly record set in December after the U.S. election.
The bulk of last week’s gains came from Ether products, which saw $1.59 billion in inflows—the second-largest weekly haul on record for Ethereum funds, according to CoinShares’ head of research James Butterfill.
Solana and XRP followed with inflows of $311.5 million and $189.6 million, respectively. Meanwhile, Bitcoin funds posted $175 million in outflows, ending a nearly two-week run of inflows. Butterfill said the divergence may reflect investor interest in upcoming altcoin ETFs, rather than a full-blown altcoin rally.
Other altcoins such as Litecoin and Bitcoin Cash saw modest outflows of $1.2 million and $0.7 million, respectively.
U.S.-listed spot Ethereum ETFs also had a strong week, pulling in $1.85 billion between July 21 and July 25, according to SoSoValue. That marked the second-best week since their launch. Weekly trading volume was $10.39 billion, slightly down from the $10.57 billion recorded the week prior.
In contrast, spot Bitcoin ETFs slowed considerably, attracting just $72 million—well below the $2.39 billion in inflows reported the week before.
Early Monday, Bitcoin was trading at $119,077, up 0.8% over the past 24 hours. Ethereum climbed 3.4% to $3,901. XRP rose 2.5%, Solana gained 3.3%, and BNB jumped 6.6%, according to The Block.
“Altcoins surged higher as traders found footing during a calmer stretch in the market,” said Nick Ruck, director at LVRG Research. “While some large Bitcoin holders are taking profits, institutions continue to move in with nine-figure purchases of BTC and other assets as part of reserve strategies.”
