Crypto Market Sees Record $3.85B Inflows, Ethereum ETFs Outpace Bitcoin as BlackRock's $ETHA Surges

The cryptocurrency market has experienced a significant surge in institutional investment, with digital asset investment products seeing record weekly inflows of $3.85 billion, according to CoinShares.

Bitcoin led the charge with $2.5 billion in inflows, bringing its year-to-date total to $36.5 billion. Ethereum, however, saw a record-breaking $1.2 billion in inflows, surpassing the levels observed during its ETF launch in July 2024. BlackRock's Ethereum ETF, ETHA, was particularly notable, purchasing $572.9 million worth of Ethereum, increasing its total holdings to $3.1 billion.

U.S. spot Bitcoin ETFs also saw substantial inflows, with a weekly net inflow of $2.73 billion, the second highest since their launch. Ethereum spot ETFs recorded $837 million in inflows, marking the longest streak of positive inflows since their inception.

This surge in investment comes as Ethereum's price broke past $4,000, and Bitcoin ETFs now hold more Bitcoin than Satoshi Nakamoto, the cryptocurrency's creator. BlackRock's IBIT ETF passed the 500,000 BTC mark, and Ethereum ETFs had a record single-day inflow of $434.6 million. Grayscale filed to convert its Ethereum Trust into an ETF, and BlackRock now holds 837,500 ETH worth $3.27 billion.

Meanwhile, Argentina's SEC approved foreign crypto investments, and $200 million worth of APT, STRK, and SEI are set to unlock this week.

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