The rebound came after the market initially suffered $1 billion in outflows earlier in the week, which CoinShares linked to weak US payroll data. Later, a surge of $1.57 billion in inflows erased the losses, pushing the week into positive territory.
Despite the strong inflows, Butterfill noted that trading volumes for digital asset ETPs were still 23% lower than the previous month, a slowdown he linked to the quieter summer period.
This pushed Ethereum’s year-to-date inflows to a record-breaking $8.2 billion, a significant milestone that helped drive its assets under management (AuM) up by 82% to an all-time high of $32.6 billion.
The milestone comes as ETH crosses the $4,000 mark, with the market anticipating further upside above $5,000 before the end of the year.
This fresh wave of capital has helped push XRP-focused funds inflow to a record high of $1.1 billion, while Solana funds have seen $874 million in inflows.
Across regions, the US led global inflows with $608 million, followed by Canada at $16.5 million and Australia at $7.9 million. Hong Kong and Switzerland also posted modest gains of $1.4 million and $1.1 million, respectively.
In contrast, European markets remained under pressure, with Germany and Sweden posting combined outflows of $50 million.
