According to a latest report from Coinshares, Digital Asset Exchange-Traded Products (ETPS) staged a sharp turnaround last week, securing a net inflow of around $572 million.
The rebound came after the market first suffered a billion dollar outflow early in the week. The losses were then wiped out by a surge in the $1.57 billion inflow, pushing the week into positive territory.
James Butterfill, head of research at Coinshares, attributes the shift to key policy developments in the United States. On August 7, President Donald Trump signed an executive order directing the Department of Labor to enable crypto, private equity and other alternative assets in his 401(k) retirement plan.
Despite a strong influx, Batafil pointed out that trading volumes for digital asset ETPs were 23% lower than the previous month, a slower linked during the quiet summer months.
Ethereum inflow exceeds Bitcoin
According to a report by Coinshares, Ethereum ETPS remains dominant, with an influx of $268 million, the highest of assets last week.
This has resulted in a record-breaking $8.2 billion inflows from Ethereum since the start of the year. This is a key milestone that has raised management (AUM) by 82% to an all-time high of $32.6 billion.
The milestone expects the market to exceed another $5,000 by the end of the year, as ETH is above the $4,000 mark.
Meanwhile, Bitcoin recorded a strong recovery of $206 million inflows last week after two consecutive outflows.
As a result, the BTC-focused fund has collected more than $20 billion in fresh capital this year, led by BlackRock’s IBIT, which received more than $26 billion inflows.
XRP and Solana inflows reach a record $2 billion
XRP and Solana continue to attract key institutional investors outside of their two major digital assets.
Last week, Solana registered a $21.8 million inflow, while XRP and nearby attracted $18.4 million and $10.1 million, respectively.
This fresh wave of capital helped push the XRP-focused fund inflow to a record high of $1.1 billion, while Solana’s funds saw an inflow of $874 million.
Regionally, the US led the global inflow with $688 million, with Canada leading with $16.5 million and Australia at $7.9 million. Hong Kong and Switzerland showed modest profits of $1.4 million and $1.1 million, respectively.
In contrast, the European market is under pressure, with Germany and Sweden posting a combination of $50 million outflows.
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