Crypto ETP Inflows Surge to $572M as Bitcoin & Ether Rebound Triumphantly
The cryptocurrency market recently experienced a significant turnaround. Indeed, **crypto ETP inflows** demonstrated a powerful resurgence. Investment products saw substantial gains last week, ending a brief period of outflows. This rebound marks a critical shift in investor sentiment.
Remarkable Resurgence: Crypto Investment Products See Massive Inflows
Global **crypto investment products** posted impressive gains last week. These products attracted a remarkable $572 million in inflows. This figure was reported by CoinShares, a prominent European crypto asset manager. Furthermore, these inflows broke a short streak of outflows. Previously, the market had concluded a record 15-week inflow period. That streak totaled an astonishing $27.8 billion. Consequently, year-to-date (YTD) inflows climbed to a new historic high. This total now stands at $30.7 billion. Total assets under management (AUM) also reached an unprecedented $226 billion. This growth underscores growing institutional interest in digital assets.
Bitcoin Price Rebound Fuels Market Optimism
The latest inflows occurred amid a notable **Bitcoin price rebound**. Bitcoin (BTC) saw its value recover significantly last week. This recovery contributed substantially to the overall ETP gains. For instance, Bitcoin ETPs alone attracted $265 million. This marked a strong turnaround after two consecutive weeks of outflows. Investors clearly responded positively to Bitcoin’s renewed strength. The leading cryptocurrency’s performance often sets the tone for the broader market. Therefore, Bitcoin’s rally was a key driver of renewed confidence.
Ether ETPs Lead the Charge with Impressive Gains
Among all digital assets, **Ether ETPs** continued to dominate the market. They attracted the largest share of inflows last week. These products secured nearly $270 million in new capital. This strong performance follows massive growth observed in July. Furthermore, Ether’s price reached a significant psychological milestone. It touched $4,000 for the first time in months. This surge pushed year-to-date inflows for Ether to a new record. They now stand at $8.2 billion. Moreover, recent price gains boosted total assets under management. Ether ETP AUM reached an all-time high of $32.6 billion. This represents an impressive 82% increase so far this year. Clearly, Ether remains a top choice for investors seeking exposure to the crypto market.
The Impact of 401(k) Crypto Approval on Market Dynamics
A significant catalyst for last week’s recovery was the **401k crypto approval**. The US government made a pivotal decision last Thursday. They allowed digital assets in 401(k) retirement plans. James Butterfill, CoinShares’ head of research, highlighted this development. He suggested it spurred the recovery of crypto ETP flows. Early in the week, however, the market saw outflows. These reached $1 billion. Weak US payroll figures likely contributed to these initial concerns. “In the latter half of the week, however, we saw $1.57 billion of inflows,” Butterfill noted. “This was likely spurred by the government’s announcement permitting digital assets in 401(k) retirement plans.” This policy shift indicates a growing acceptance of cryptocurrencies in mainstream finance.
Broader Market Performance: Altcoins Also See Inflows
Beyond Bitcoin and Ether, other altcoins also experienced positive inflows. ETPs tracking Solana (SOL) attracted $21.6 million. XRP (XRP) ETPs saw $18.4 million in inflows. Near (NEAR) ETPs also gained $10.1 million. These figures indicate a broader positive sentiment across the digital asset spectrum. Investors are diversifying their crypto portfolios. This trend suggests increasing confidence in the wider altcoin market. Overall, the market shows strong signs of recovery and sustained interest. The future looks promising for crypto investment products.
