Cryptocurrency exchange-traded products (ETPs) posted a fifth consecutive week of inflows, totaling $1.3 billion, with Ether-based ETPs seeing the largest inflows.
Ether (ETH) ETPs accumulated 95% more inflows than Bitcoin (BTC) ETPs in the past trading week, recording a massive $793 million of inflows, CoinShares reported on Feb. 10.
The spike in Ether ETP activity came as ETH tumbled below $2,700 on Feb. 6, leading to “significant buying-on-weakness,” CoinShares research director James Butterfill wrote.
The surge marked the first time for Ether ETPs to outperform Bitcoin ETPs by inflows in 2025, with similar instances occurring in late 2024.
Bitcoin leads by YTD inflows
In the past trading week, Bitcoin ETP inflows tumbled around 19% from inflows during the previous week, totaling $407 million.
Despite losing to Ether in weekly inflows, Bitcoin continues to lead overall with year-to-date inflows of nearly $6 billion — 505% higher than Ether’s YTD total.
Flows by assets (in millions of US dollars). Source: CoinShares
Weekly inflows to XRP (XRP) ETPs also saw a notable increase last week, surging about 45% from $14.5 million to $21 million.
Solana ETPs surged 148% week-over-week, posting $11.2 million of inflows.
Total crypto ETP AUM drops to $163 billion
Despite crypto ETPs seeing the fifth consecutive week of inflows, the total assets under management (AUM) in crypto ETPs tumbled to $163 billion last week, down about 4% from the previous week.
Total crypto ETP AUM is also down about 11% from its all-time-high of $181 billion set in late January, CoinShares’ Butterfill noted, adding that the drop is likely a result of recent price declines on the market.
BlackRock’s spot Bitcoin exchange-traded fund, iShares Bitcoin Trust (IBIT), saw the largest inflows among crypto ETPs last week, with $315 million pouring in.
Top crypto ETP products by inflows and outflows (in millions of US dollars). Source: CoinShares
Fidelity’s Wise Origin Bitcoin Fund saw the largest outflows last week, totaling $217 million.
Magazine: Has altseason finished? XRP ETF applications flood in, and more: Hodler’s Digest, Feb. 2 – 8