Crypto: Ethereum ETPs Capture A Record Influx, Bitcoin Declines

In terms of dominance, bitcoin remains the undisputed king of the crypto market. However, some recent shocks suggest cracks in its golden armor. While investors continue to flock to crypto-related exchange-traded products (ETPs), a significant surprise has shaken up the hierarchy. Ethereum and other altcoins seem determined to take their share of the pie, and the numbers speak for themselves.

Bitcoin retreats, Ethereum accelerates

Bitcoin remains the leader in inflows since the beginning of the year, but it has just been overtaken for a week by Ethereum. The ETPs linked to ETH have indeed garnered 793 million dollars in inflows, which is 95% more than those of BTC, which must settle for 407 million.

An unprecedented shift in 2025, which recalls certain trends observed at the end of 2024.

The drop in ETH’s price below 2,700 $ on February 6 triggered a rush for discounted purchases, thus boosting capital inflows. As James Butterfill, an analyst at CoinShares, points out, this phenomenon of “buying-on-weakness” is not new, but this time it was enough to outpace bitcoin.

$ETH led digital asset inflows this week, raking in $793M as prices dipped near $2,100, outpacing Bitcoin for the first time this year.$BTC still saw $407M in inflows, with ETPs now holding 7.1% of BTC’s market cap.

Total inflows hit $1.3B for the 5th straight week, bringing… pic.twitter.com/VhLcsLWQM5

— Satoshi Talks (@Satoshi_Talks) February 10, 2025

Satoshi Talks summarizes the situation well:

“$ETH led the inflows this week with 793 million dollars, surpassing Bitcoin for the first time this year.“

A crypto market in full transformation

Investors have not stopped at Ethereum. Other altcoins have also seen their ETPs soar:

• XRP: +45% in weekly inflows, reaching 21 million dollars;
• Solana: +148%, with 11.2 million injected;
• Total crypto ETPs: 1.3 billion dollars in inflows for the fifth consecutive week.

However, despite this enthusiasm, the total assets under management of crypto ETPs have dropped to 163 billion dollars, down 4% compared to the previous week. This is due to a still jittery market and volatile prices.

Finally, the giants of asset management have not all benefited from this wave. While the iShares Bitcoin Trust (IBIT) from BlackRock attracted 315 million dollars, the one from Fidelity, Wise Origin Bitcoin Fund, suffered a hemorrhage of 217 million.

Investors seem to be playing musical chairs, searching for the best opportunity.

The election of Donald Trump triggered an earthquake in the crypto market: a new historical record (ATH) at 109,000 dollars for bitcoin, accompanied by a colossal inflow of 1.9 billion dollars into crypto ETPs. A strong signal that volatility and surprises are far from having said their last word.