The past week witnessed a significant influx of $1.9 billion into cryptocurrency-based investment products, marking the 15th consecutive week of positive inflows. Since the beginning of this month, total inflows have reached a record $11.2 billion, with the majority directed towards Ethereum (ETH) 
$1,741 at $1.59 billion. Meanwhile, Bitcoin (BTC) 
$62,146 saw a slight outflow of $175 million, while investment products based on Solana 
$78 (SOL) and XRP received $311 million and $189 million, respectively. The United States and Germany made substantial contributions of $2 billion and $70 million, whereas there were outflows totaling $267 million from Brazil, Canada, and Hong Kong.
Historic Second Peak in Ethereum Inflows
According to the latest report published by CoinShares, investors have been steadily channeling funds into the cryptocurrency market for the past fifteen weeks. Last week’s inflow of $1.9 billion brought the total capital inflow since the beginning of July to $11.2 billion, reaching an all-time high for monthly inflows. Particularly, US-based investment products alone secured a $2 billion share, setting the market trend. Germany also contributed $70 million, while capital outflows included $23.2 million from Brazil, $84.3 million from Canada, and $160 million from Hong Kong.
Investor confidence is seen to increase at an unprecedented rate, even after the US Presidential election. The consistent fund inflows into cryptocurrency-based investment products are bolstering positive expectations for institutional adoption of these products.
Shift Away from Bitcoin to Altcoins
Ethereum achieved its second-strongest fund inflow ever, with a weekly volume of $1.59 billion, surpassing the total fund inflow for 2024 with $7.79 billion since the beginning of the year. Solana and XRP also attracted attention with fund inflows of $311 million and $189 million, respectively. An $8 million allocation to SUI indicated limited interest in altcoins. Cardano 
$0.166786 (ADA) and Chainlink 
$8 (LINK) received fund inflows of $1.3 million and $500,000, respectively. Conversely, Litecoin (LTC) and Bitcoin Cash (BCH) experienced outflows of $1.2 million and $660,000.
The $175 million net outflow from Bitcoin suggests that investors are rebalancing their portfolios in anticipation of potential altcoin ETF approvals from the US. Although conditions for a broad altcoin season have not yet matured, a significant portion of capital is directed towards Ethereum and several leading altcoins.
