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- Crypto ETPs recorded $3.17B in inflows despite a massive flash crash.
- Bitcoin funds dominated, adding $2.7B and setting new trading volume records.
- Ethereum and altcoin funds showed mixed sentiment as ETF anticipation builds.
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Cryptocurrency investment products continued to attract capital last week despite a sharp market sell-off triggered by new U.S.–China trade tensions. According to CoinShares, digital asset exchange-traded products (ETPs) recorded $3.17 billion in inflows, underscoring investor confidence amid uncertainty.
Even Friday’s sudden $20 billion liquidation event, following tariff threats from President Donald Trump, barely rattled the market. CoinShares’ head of research, James Butterfill, noted that outflows totaled only $159 million that day — a small fraction of total activity.
Record Trading Volumes Mark a Milestone Week
While prices dropped, trading activity hit unprecedented levels. CoinShares reported a record $53 billion in weekly trading volumes, with $15.3 billion traded on Friday alone. Despite this, total assets under management (AUM) for crypto funds fell from $254 billion to $242 billion as prices corrected.
Bitcoin funds led the charge, pulling in $2.7 billion in inflows for the week and pushing year-to-date totals to $30.2 billion. Although still 30% below 2024’s figures, Bitcoin’s resilience remains evident, showing investors’ long-term confidence in the asset.
Ether and Altcoins See Mixed Sentiment
Ethereum investment products experienced both gains and losses. While ETH funds attracted $338 million in weekly inflows, Friday alone saw $172 million in outflows — the largest single-day withdrawal among major assets. Butterfill suggested Ether products appeared “most vulnerable” during the correction.
Altcoins, including Solana and XRP, also slowed sharply. Solana products brought in $93.3 million, and XRP funds added $61.6 million, both well below the previous week’s figures despite growing anticipation for potential U.S. ETF approvals.
Also Read: Bitcoin ETFs Pull $2.7B in Uptober Inflows Despite Trump’s China Tariff Shock
Outlook: ETF Wave Looms Amid Market Volatility
As Washington’s government shutdown stretches into its third week, at least 16 pending crypto ETF applications await review. Analysts predict a “flood” of new products once regulatory operations resume, potentially fueling another wave of institutional inflows.
Despite turbulence, the latest CoinShares data show that investor appetite for digital assets remains strong. The market’s ability to attract billions during one of the year’s most volatile weeks highlights growing institutional conviction in crypto’s long-term future.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
