Ethereum dominated digital asset inflows last week, achieving an impressive $2.12 billion, nearly doubling its former record.
This increase contributed to a new all-time high for total digital asset investment product inflows, reaching $4.39 billion, surpassing the previous record of $4.27 billion set after the US presidential election in December 2024.
Altcoins Ride Ethereum’s Momentum
According to the latest ‘Digital Asset Fund Flows Weekly Report’ from CoinShares, Ethereum is experiencing a robust growth phase. Inflows over the past 13 weeks now represent 23% of its total assets under management. This year, it has already amassed $6.2 billion, exceeding the total annual inflows of 2024.
Meanwhile, total assets under management have reached a peak of $220 billion, with global weekly trading turnover in ETPs hitting a record $39.2 billion.
This week, Bitcoin saw $2.2 billion in inflows, a decrease from last week’s $2.7 billion, with ETP trading volumes comprising 55% of its exchange activity. Solana led altcoin inflows with $39 million, followed by XRP with $36 million, and Sui with $9.3 million. In contrast, Chainlink and Cardano recorded smaller inflows of $0.9 million and $0.3 million, respectively.
Multi-asset products were the only category to experience outflows, totaling $16.4 million over the past week.
The significant altcoin inflows indicate a rising investor interest in assets beyond Bitcoin. QCP Capital noted a decline in Bitcoin’s dominance from 64% to 60% over the past week, while Ethereum’s market share increased from 9.7% to 11.6%. Should this trend persist, QCP anticipates the emergence of the next altcoin season.
Global Crypto Investment Trends
The US led the inflows, attracting $4.37 billion during the week. Switzerland followed with $47.3 million, while Australia and Hong Kong reported $17.3 million and $14.1 million, respectively. Canada saw moderate inflows of $3 million.
Conversely, Brazil and Sweden experienced outflows of $28.1 million and $21 million, respectively, with Germany also recording $15.5 million in weekly outflows.
