However, not all assets shared the spotlight—Bitcoin saw a surprising dip, while altcoins surged ahead.
Ethereum was the main driver behind the gains, accounting for the bulk of the inflows. Ether-focused products brought in over $1.5 billion, marking one of their most successful weeks on record. Solana and XRP followed suit, benefiting from increased investor interest and outperforming most other tokens.
Interestingly, this surge in altcoin activity coincided with a rare outflow in Bitcoin-based products, which saw $175 million withdrawn. Analysts suggest the move reflects market positioning ahead of potential altcoin ETF launches rather than a broader sentiment shift.
Total crypto assets under management reached a new peak of $221 billion, with year-to-date inflows climbing to $29.5 billion. Despite the positive momentum, the weekly total still represented a 57% drop compared to the previous record-setting week.
Among fund issuers, BlackRock maintained its dominant lead, although inflows to its crypto products were down sharply. Meanwhile, 21Shares and Grayscale both posted moderate gains, even as Grayscale’s overall yearly flow remains negative.
For now, the data paints a picture of investors rotating toward Ethereum and select altcoins, while reassessing exposure to Bitcoin after a strong run.
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