Crypto Investment Products Attract $176M Weekly Inflow Amid Price Weakness

Crypto investment products closed the past week with gains as investors poured approximately $176 million into them. According to data from CoinShares, Ethereum was the main benefactor, with a weekly net inflow of $155 million.

Ethereum Leads the Pack 

The $155 million poured into Ethereum, bringing its year-to-date (YTD) inflows to $862 million—thanks to the recent launch of US spot Ether ETFs, which received a $105 million net inflow last week. The $862 million YTD inflow is the highest seen in Ethereum-linked products since 2021.

On the other hand, investment products linked to Bitcoin saw smaller weekly inflows of $13 million. This was partly due to initial outflows from the product at the beginning of the week.

Notably, CoinShares pointed out that during the week, short Bitcoin exchange-traded products (ETPs) experienced their largest outflows since May 2023—totalling $16 million—representing 23% of assets under management (AUM). This indicates a notable investor exit from the products.

Impressively, every region experienced positive flows for the week. Products from the US saw the most inflows, totaling $89 million. Trailing the US is Switzerland with $21 million in inflows, Brazil with $20 million, and Canada with $19.2 million. Germany, Australia, and Sweden saw smaller inflows of $12 million, $6 million, and $5 million, respectively.

Meanwhile, ETPs recorded a higher-than-usual trading volume of $19 billion for the week, in contrast to the $14 billion weekly average seen this year.

Buying Opportunity  

The impressive weekly inflow of $176 into crypto investment products million can be attributed to recent corrections faced by bitcoin (BTC) and ether (ETH). It appears investors saw this price weakness as an opportunity to add more of the products to their holdings in expectation of a price rebound.

Moreover, the latest data marks a positive shift from the $528 million outflows recorded by crypto investment products in the previous trading week from July 29 – August 2.

At the time of writing, BTC was trading at $59,244, marking a 2.50% drop in the past 24 hours. On the other hand, ETH traded at $2,661, down less than 1% on the day.