Ether exchange-traded products (ETPs) dominated cryptocurrency investment flows last week, attracting $1.59 billion representing their second-largest weekly inflow on record. This substantial influx comes amid heightened anticipation of spot Ether ETFs launching in the US market.
Despite Ether’s momentum, Bitcoin ETPs saw a notable reversal with $175 million in outflows, ending their 12-day inflow streak. Global crypto ETPs nevertheless extended their positive trend to 15 consecutive weeks with $1.9 billion in net inflows, pushing total assets under management to a record $221.4 billion.
Investment diversification toward altcoins was evident as Solana ETPs attracted $311.5 million and XRP products saw $189.6 million in flows. Conversely, Litecoin and Bitcoin Cash experienced minor outflows, highlighting investor selectiveness.
The surge in altcoin investments appears fueled by market expectations of potential US ETF approvals beyond Bitcoin and Ether. Such developments would likely enhance institutional legitimacy and accelerate mainstream adoption of alternative digital assets.