Ethereum breaks inflow records, attracting $2.12 billion in just one week.

Last week, Ethereum (ETH) led the inflow of digital assets, setting an astonishing record of $2.12 billion, nearly double the previous record. Today (22nd) during the Asian midday session, Ethereum followed Bitcoin (BTC) to experience a peak pullback, with the price currently reported at $3,686.

This surge propelled the total inflow of digital asset investment products to a historic high of $4.39 billion per week, surpassing the record of $4.27 billion set after the U.S. presidential election in December 2024.

(Source: CoinShares)

Altcoins Join the Surge of Ethereum

CoinShares revealed in the latest issue of the "Digital Asset Fund Flows Weekly" that Ethereum has performed strongly. The inflows over the past 13 weeks have accounted for 23% of its total managed assets. Just this year, Ethereum has attracted $6.2 billion in inflows, surpassing the total inflow amount for all of 2024.

At the same time, the total assets under management reached a record 220 billion dollars, while the global weekly trading volume of ETP also reached a record 39.2 billion dollars.

This week, Bitcoin attracted $2.2 billion in inflows, down from $2.7 billion last week. ETP trading volume accounted for 55% of its trading activity. Meanwhile, Solana led the altcoins with $39 million in inflows, followed by XRP with $36 million and Sui with $9.3 million.

At the same time, the inflow amounts for Chainlink and Cardano were relatively small, at 900,000 USD and 300,000 USD, respectively.

In the past week, multi-asset products were the only ones to experience an outflow of $16.4 million.

As altcoins attract a significant inflow of capital, data shows that investors' interest in assets other than Bitcoin is growing increasingly strong. In fact, QCP Capital pointed out that over the past week, Bitcoin's market dominance has declined from 64% to 60%.

At the same time, Ethereum's market share has risen from 9.7% to 11.6%. If this trend continues, QCP predicts that the next wave of altcoin fever may already be upon us.

Regional Cryptocurrency Flow

Capital inflows primarily came from the United States, attracting $4.37 billion that week. Following closely was Switzerland, attracting $47.3 million; Australia and Hong Kong attracted $17.3 million and $14.1 million respectively. Canada also welcomed a small amount of capital inflow, totaling $3 million.

On the other hand, the capital outflows from Brazil and Sweden were 28.1 million USD and 21 million USD respectively. Germany's weekly capital outflow also reached 15.5 million USD.