Digital asset investment products recorded $3.7 billion in inflows last week – the second-largest weekly inflow ever – pushing total assets under management (AUM) to a record $211 billion, according to CoinShares data. This surge reflects accelerating institutional adoption, with Bitcoin (BTC) funds attracting $2.7 billion (72% of inflows) and Ethereum (ETH) products securing $990 million, marking ETH's fourth-largest weekly inflow.
Ethereum's growth trajectory outpaced Bitcoin over the past 12 weeks, with ETH-linked fund AUM expanding 19.5% to $19.6 billion versus BTC's 9.8% growth to $176 billion. CoinShares Head of Research James Butterfill noted, "People are preferring Ethereum over Bitcoin proportionally" despite smaller absolute inflows, attributing this to ETH's role in decentralized applications and anticipation of spot Ethereum ETFs.
Solana (SOL) funds saw $92 million in inflows, while XRP experienced $104 million in outflows – the largest among tracked assets. Butterfill suggested XRP's outflow was concentrated in WisdomTree's Physical XRP ETN ($115 million) and may not reflect broader sentiment, especially as 3iQ Digital's new XRP ETF attracted $50 million.