tl;dr
Crypto inflows surged to $3.75 billion last week, over six times the previous week's $578 million, pushing total digital asset investment assets under management to a record $244 billion. BlackRock's iShares led inflows, accounting for 86% ($3.2 billion), driven by institutional interest and new inv...
Crypto inflows experienced a dramatic surge last week, reaching $3.75 billion, which is more than six times the $578 million recorded the previous week. This influx pushed the total assets under management (AuM) in digital asset investment products to an all-time high of $244 billion. BlackRock and Ethereum emerged as the dominant forces driving this growth.
BlackRock's iShares was responsible for the lion’s share of inflows, accounting for over 86% of last week’s total with approximately $3.2 billion. This concentration of inflows in a single provider and product highlights BlackRock’s strong appeal, particularly as it offers institutional investors indirect access to the crypto market. A noteworthy example is Harvard University’s use of BlackRock’s IBIT ETF to enter the crypto space. Moreover, 75% of BlackRock’s Bitcoin ETF customers during this period were first-time buyers, signaling growing confidence even among new participants.
Ethereum also played a pivotal role, representing 77% of the weekly inflows with a record $2.87 billion. Its inflows year-to-date amount to 29% of total AuM, well above Bitcoin’s 11.6%. Bitcoin, by comparison, attracted a more modest $552 million in inflows. Ethereum’s dominance is further underscored by its impact on investor sentiment, boosted by institutional adoption of ETH-based corporate treasuries and the rise of tokenized assets, which recently hit a $270 billion record. Analysts suggest that Ethereum’s price could be poised to hit the $5,000 mark, nearly 20% higher than current levels.
This surge in crypto investment reflects a broader trend of growing institutional interest and confidence in the digital asset space, with leading players like BlackRock and Ethereum setting the pace. As investor sentiment continues to favor Ethereum, the coming weeks will be crucial in determining whether this momentum can sustain and push the market to new heights.