Ethereum Smashes All-Time Inflow Record: $2.12 Billion Floods In Just 7 Days
Ethereum just rewrote the rulebook on institutional crypto adoption—again.
The smart contract giant vacuumed up $2.12 billion in net inflows last week, obliterating previous records as TradFi players finally wake up to DeFi's potential. This isn't just 'smart money' dipping toes—it's hedge funds diving headfirst into the liquidity pool.
Behind the numbers? A perfect storm of ETF anticipation, Layer 2 adoption hitting escape velocity, and—let's be honest—FOMO overpowering Wall Street's usual crypto skepticism. The same suits who called ETH 'uninvestable' in 2022 are now scrambling for exposure.
One hedge fund manager (who demanded anonymity) put it best: 'We're either at the start of a new financial paradigm or another bubble. Either way, we can't afford to miss the boat—our LPs would riot.'
Meanwhile, Bitcoin maximalists are quietly seething as Ethereum's ecosystem flexes its institutional appeal. The 'flippening' might not be here yet, but the balance sheets are starting to tilt.
Cynical take? After years of dismissing crypto as a casino, traditional finance just placed its biggest bet yet—with your pension fund's chips.
Altcoins Join Ethereum’s Rally
In the latest edition of the ‘Digital Asset Fund Flows Weekly Report,’ CoinShares revealed that ethereum has been on a strong run. Inflows from the past 13 weeks now account for 23% of its total assets under management. This year alone, it has pulled in $6.2 billion and has already topped the full-year inflows seen in 2024.
This comes as total assets under management hit a record $220 billion, while global weekly trading turnover in ETPs also reached a record $39.2 billion.
Bitcoin attracted $2.2 billion in inflows this week, down from last week’s $2.7 billion. ETP trading volumes accounted for 55% of its exchange activity. Meanwhile, Solana led altcoin inflows with $39 million, followed by XRP at $36 million and Sui at $9.3 million. During the same period, chainlink and Cardano recorded smaller inflows of $0.9 million and $0.3 million.
Multi-asset products were the only cohort to have recorded outflows of $16.4 million over the past week.
With altcoins pulling notable inflows, the data indicates growing investor appetite for assets beyond Bitcoin. In fact, QCP Capital noted that Bitcoin dominance slipped from 64% to 60% over the past week, while, at the same time, Ethereum’s market share rose from 9.7% to 11.6%. If this trend continues, QCP expects the next phase of altcoin season could already be underway.
Regional Crypto Flows
Flows were largely driven by the US, which attracted $4.37 billion during the week. Switzerland followed with $47.3 million, while Australia and Hong Kong recorded $17.3 million and $14.1 million, respectively. Canada also saw modest inflows of $3 million.
Brazil and Sweden, on the other hand, posted outflows of $28.1 million and $21 million. Germany also saw $15.5 million in weekly outflows.
