Institutional investors are pouring money into crypto investment products at a record level, and Ethereum is leading the fees.
According to the latest Coinshares data, the Digital Asset Fund raised $1.9 billion only last week. This brought the total inflow in July to a historic $11.2 billion, overturning its previous peak of $7.6 billion in December 2024.
This trend has shown a net inflow for 15 consecutive weeks, maintaining institutional trust in the market.
Ethereum steals Bitcoin thunder
Bitcoin once dominated the institution’s crypto investment space, but the Spotlight has moved sharply to Ethereum, the second largest digital asset by market capitalization.
According to a report from Coinshares, Ethereum was a clear standout performer last week, subtracting its second-strongest weekly figure of $1.59 billion.
Data from SOSO values confirms this trend, indicating that Ethereum products outperform Bitcoin in all five days last week.
One of the performers to watch was BlackRock’s ETHA. It soon became one of the fastest growing Ethereum-based investment products, managing more than $10 billion in assets.
This recent run has brought Ethereum’s inflow from the start of the year to $7.79 billion.
Still, the market momentum remains strong, as Sharplink Chairman Joseph Lubin said:
“Ethereum enters the next chapter. A serious capital, a deep-aligned builder will be pushed into the core of global finance.”
Altcoin season?
Coinshares’ report suggests that the crypto industry could enter the “Altcoin season” given the slower performance of Bitcoin-centric funds.
Last week, Bitcoin saw a mild $175 million outflow and saw an ongoing trend in which investors moved to other major altcoins, such as Solana and XRP.
At the same time, the short Bitcoin product also lost $4.6 million, suggesting weak interest in bearish bets.
In contrast, altcoin-related funds saw strong activity last week. Solana raised $311 million, XRP won $189 million, and Sui pulled $8 million.
However, not all altcoins share optimism. Litecoin experienced a $1.2 million spill, while Bitcoin Cash lost about $660,000.
So far, in 2025, non-Bitcoin and non-Echo assets have attracted over $1.5 billion inflows.
James Butterphyll, head of research at CoinShares, noted that much of this activity could be driven by growing speculation about the potential US approval of Altcoin-based ETFs.