Digital Asset Exchange-Traded Products (ETPs) organized a sharp turning point last week and, according to the latest inflow of around $ 572 million, took care of Coinshares report.
The rebound came after the market initially had $ 1 billion suffered earlier in the week, which Coinshares was linked to weak American wage data. Later an increase of $ 1.57 billion in inflow knew the losses and pushed the week to a positive area.
James Butterfill, head of research on Coinshares, attributed the shift to an important policy development in the United States. On August 7, President Donald Trump signed an executive order in which the Ministry of Labor was asked to make Crypto, Private Equity and other alternative assets possible in 401 (K) pension plans.
Despite the strong intake, Butterfill noted that trade volumes for ETPs for digital assets were still 23% lower than the previous month, a delay that he associated with the quieter summer period.
Ethereum Inflowt Outcoin
According to the Coinshares report, Ethereum ETPs continued to dominate, with $ 268 million in inflow – the highest of an active last week.
This pushed Ethereum’s year-to-date inflow into a record-breaking $ 8.2 billion, an important milestone that helped to increase its assets under management (AUM) by 82% to a record high of $ 32.6 billion.
The milestone comes as ETH crosses the $ 4,000, whereby the market is expected to $ 5,000 before the end of the year.
In the meantime, Bitcoin placed a strong recovery of $ 206 million in inflow last week after two consecutive outflows.
As a result, BTC-oriented funds have attracted more than $ 20 billion in fresh capital this year, led by BlackRock’s IBIT, who has received more than $ 26 billion in inflow.
XRP and Solana Inflow Acquisite record $ 2 billion
XRP and Solana remain important institutional investors draw outside the two dominant digital assets.
Last week, Solana registered $ 21.8 million in inflow, while XRP and almost $ 18.4 million and $ 10.1 million respectively.
This new capital golf has contributed to pushing XRP-oriented funds inflow into a record high of $ 1.1 billion, while Solana funds have seen $ 874 million in inflow.
In regions, the US led the global inflow of $ 608 million, followed by Canada at $ 16.5 million and Australia on $ 7.9 million. Hong Kong and Switzerland also achieved modest profit of $ 1.4 million and $ 1.1 million respectively.
The European markets, on the other hand, remained under pressure, with Germany and Sweden moving combined $ 50 million.
