Crypto ETPs Hit Record $6B Weekly Inflows as Bitcoin Leads

According to data from CoinShares, crypto ETPs attracted close to $6 billion in new money during the week ending Friday, marking the largest weekly inflow ever recorded. This staggering figure represents a 35% increase over the previous record of $4.4 billion, demonstrating accelerating institutional adoption of cryptocurrency investment vehicles. The distribution of these flows revealed Bitcoin’s overwhelming dominance, with BTC-focused products capturing $3.6 billion of the total influx.

While Bitcoin commanded the lion’s share of investor attention, other major cryptocurrencies also posted impressive numbers. Ethereum ETPs registered $1.48 billion in weekly inflows, bringing their year-to-date total to approximately $13.7 billion. Solana products attracted $706.5 million, while XRP-focused offerings saw $219 million in new capital. These figures indicate that institutional investors are diversifying across the crypto ecosystem rather than concentrating exclusively on Bitcoin, though BTC remains the clear market leader.

Market watchers identified several macroeconomic factors driving this surge in crypto investment. The Federal Reserve’s recent interest rate cut, combined with weaker-than-expected employment numbers and concerns about a potential US government shutdown, created an environment where investors sought alternative assets. According to James Butterfill, head of research at CoinShares, these conditions prompted institutional players to treat cryptocurrency as a strategic allocation amid persistent political and economic uncertainties.

The market response to these macroeconomic developments was immediate and dramatic. Bitcoin surged above $125,000 during the week, a move that propelled total crypto assets under management past the $250 billion threshold to approximately $254 billion. This price action occurred despite traditional market volatility, suggesting that institutional investors view crypto as increasingly distinct from conventional asset classes during periods of economic stress.

Beyond macroeconomic factors, technical analysis provided additional fuel for the bullish sentiment. On-chain data revealed that the supply of Bitcoin on exchanges has dropped to levels not seen in six years, indicating that long-term holders are moving their coins off trading platforms. This reduction in readily available supply typically reduces potential selling pressure and is often interpreted as a bullish signal for price appreciation.

Technical analysts including Ali referenced Glassnode’s pricing bands to identify key support and resistance levels. The analysis suggested that as long as Bitcoin maintains support above $117,650, the next significant target sits at $139,800. Other forecasts mentioned a nearer-term horizon around $135,000, creating a consensus among technical observers that substantial upside potential remains if current support levels hold.

Perhaps most telling was the trading behavior observed during the rally. According to CoinShares’ James Butterfill, investors maintained overwhelmingly long positions even as prices reached new highs, with minimal interest in short investment products. This pattern suggests strong conviction among market participants that the current uptrend has room to continue, rather than reflecting hedging activity that would indicate concerns about a potential reversal.