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Week of Record Inflows in Crypto ETPs
For the 15th consecutive week, cryptocurrency exchange-traded products (ETPs) have witnessed significant net inflows, amounting to US$29.5 billion (approximately AU$45 billion) year-to-date. This surge has propelled the total assets under management (AUM) in crypto ETPs to an unprecedented US$221.4 billion (around AU$339.9 billion).
According to a report from CoinShares, the month has seen a remarkable US$11.2 billion (around AU$17.1 billion) in inflows, surpassing the previous record for monthly inflows set in December 2024, which was US$7.6 billion (approximately AU$11.6 billion).
Ethereum’s Stellar Performance
Ethereum (ETH) investment products alone attracted over US$1.59 billion (approximately AU$2.44 billion) in the past week, marking the second-largest weekly inflow for Ether-based ETPs. Despite a slight decrease of 1.1%, the current price of ETH stands at US$3,780 (AU$5,800). Over the past 30 days, ETH has exhibited impressive performance, soaring by over 55%. As a result, it is now only 22.4% away from its all-time high of US$4,870 (AU$7,470), achieved in November 2021.
Other Noteworthy Figures
In addition to ETH, Solana (SOL) and XRP attracted significant investments of US$311.5 million (AU$477 million) and US$189.6 million (AU$290 million), respectively. Bitcoin, however, experienced outflows of US$175 million (AU$268 million), breaking a 12-day streak of inflows.
SharpLink Gaming’s Strategic Acquisitions
The upward trend for ETH coincides with SharpLink Gaming’s ongoing acquisition strategy. The company recently purchased 77,210 ETH in one transaction, valued at US$295 million (AU$452 million). This acquisition brings SharpLink’s total holdings to over 438,000 ETH, making it the second-largest corporate holder of the cryptocurrency, just behind Bitmine Immersion Tech.
This latest acquisition surpasses Ethereum’s own 30-day net issuance of 72,795 ETH, according to Ultra Sound Money, and most of the newly acquired tokens have been staked. Data from Lookonchain currently values SharpLink’s ETH position at over US$1.69 billion (AU$2.59 billion), while Bitmine maintains the lead with holdings exceeding US$2 billion (AU$3.07 billion).
In a related move, SharpLink announced a substantial stock sale plan amounting to US$1 billion (AU$1.52 billion) aimed at funding further Ethereum acquisitions.
Conclusion
The ongoing developments in the cryptocurrency sector, especially the growth of ETPs and the strategic acquisitions by companies like SharpLink, highlight the increasing institutional interest in digital assets. As inflows continue to flourish, it remains to be seen how these trends will evolve, particularly in light of market volatility and regulatory considerations.
