Ethereum Steals the Spotlight With $1.59B Inflows, But Not All Altcoins Are Winning

Key Points

1. Ethereum investment products recorded $1.59 billion in inflows last week, contributing to a total of $1.9 billion in inflows for the broader digital asset market.

2. Month-to-date flows reached $11.2 billion, surpassing the $7.6 billion seen post-US election in December 2024.

3. Ethereum's year-to-date inflows of $7.79 billion have already exceeded the total for all of 2023, while Bitcoin saw $175 million in outflows.

4. Solana and XRP saw strong weekly inflows of $311 million and $189 million, respectively, while other altcoins like SUI, Cardano, and Chainlink also gained modest traction.

5. Ethereum is approaching the $4,000 level, driven by strong momentum and spot ETH ETF inflows outpacing Bitcoin for seven straight days.

6. BTC remains resilient, absorbing an 80,000 BTC sell-off with minimal volatility, and maintains a stable dominance of 60% in the market.

7. Derivatives data suggests near-term caution, with Perpetual Open Interest at yearly highs and funding rates exceeding 15% across major exchanges.