Crypto recorded $1.3B in investment product inflows this past week
(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )
- Crypto investment products registered $1.3 billion in inflows last week.
- Ethereum outpaced Bitcoin with $793 million compared to $407 million.
Digital asset investment products notched $1.3 billion in inflows the past week.
It’s the fifth consecutive week of positive net flows for crypto exchange-traded products despite recent price declines. According to latest weekly flows report from digital asset manager CoinShares, the scenario outlines strong interest in buying amid market weakness.
Ethereum outpaces Bitcoin in weekly net inflows
Per a Coinshares report on Feb. 10, the net inflows is almost double from the $747.4 million ecorded the week before. The increase comes despite Trump’s tariff impositions that saw prices dip amid investor reaction.
Bitcoin and Ethereum dominated the inflows. However, the latter outpaced the former this week, registering $793 million inflows compared to Bitcoin’s $407 million.
Overall, Bitcoin ETPs represent 7.1% of total market capitalization, making digital asset investment products the largest holder compared to other investments.
“Digital asset investment products saw inflows for the 5th consecutive week totalling US$1.3bn. Bitcoin’s BTC saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalisation. It was Ethereum who stole the show this week, with the price falling recently close to US$2,100 leading to significant buying-on-weakness, with inflows of US$793m,” CoinShares posted on X.
Investors see decline as a buying opportunity particularly after the rise in investment interest followed Ethereum’s price dip.
In the meantime, XRP and Solana secured third and fourth positions respectively with $21 million and $11million. Meanwhile, $1 billion in overall net inflows by the U.S was the highest regionally, followed by Germany, Switzerland and Canada with $61 million, $54 million and $37 million respectively.
Bitcoin price has struggled with downside pressure below $100k in recent weeks. ETH has also experienced a tough month or so, with prices helmed below $3,000 and hitting lows of $2,100 at one time.