Bitcoin ETPs break records
With inflows reaching $5.95 billion, crypto ETPs surpassed the previous $4.4 billion record from mid‑July by 35%.
Unlike the previous record inflows, which were almost equally distributed between Bitcoin and Ether (ETH), the latest gains were heavily dominated by BTC, with Bitcoin funds attracting a record‑breaking $3.6 billion.
“Despite prices closing in on all‑time highs during the week, investors did not choose to buy short investment products,” CoinShares Butterfill noted.
Ether ETPs saw inflows totaling $1.48 billion, pushing year‑to‑date inflows to another record of $13.7 billion, which was close to triple that of last year, Butterfill said.
Solana (SOL) ETP inflows ranked third at $706.5 million, while XRP (XRP) added $219.4 million, with both setting notable records, according to CoinShares.
In line with the new record for inflows, total assets under management (AUM) in crypto funds surged past $250 billion for the first time, reaching a new high of $254.4 billion.