Crypto Funds Add $1B as Bitcoin and Ethereum Lead Gains

Crypto exchange-traded products (ETPs) took in $1.06 billion last week, led by $793 million flowing into Bitcoin. The inflows mark a third straight week of positive flows totaling $2.7 billion and have pushed net inflows to about $1.2 billion year-to-date. James Butterfill, head of research at CoinShares, said the recent momentum highlights digital assets’ resilience and underlines Bitcoin’s role as a ‘relative safe haven’ versus other asset classes.

He also noted that since the onset of the Iran crisis, assets under management in digital asset ETPs have risen 9.4% to nearly $140 billion. Bitcoin ETPs lifted year-to-date gains to $933 million, while Ether funds remain roughly $23 million in the red for the year despite $315.3 million of inflows last week.

XRP saw its second week of outflows totaling $76 million, Solana attracted $9.1 million, and short-Bitcoin products recorded $8.1 million of inflows.

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