Crypto Markets See Institutional Surge Despite Price Drops
Crypto markets witnessed a surge in institutional interest last week, with Ethereum ETFs posting higher inflows than Bitcoin. Despite this, the market experienced broad-based losses, with Bitcoin and Ethereum prices dropping.
Ethereum ETFs attracted significant investments, with combined holdings reaching 6,636,396 ETH. BlackRock's iShares Ethereum Trust remained the largest, holding 3,802,294 ETH. Fidelity's Ethereum Fund led daily inflows, adding +34,688 ETH ($156.1 million) in one day. Overall, Ethereum ETFs saw +195,993 ETH ($881.97M) in weekly inflows, with Fidelity and BlackRock topping the list of institutional buyers.
Bitcoin ETFs also saw growth, with combined holdings reaching 1,317,560 BTC, equivalent to approximately $152.84 billion in assets under management. BlackRock's iShares Bitcoin Trust remained dominant, holding 764,993 BTC. Fidelity's Wise Origin Bitcoin Fund led daily inflows with +828 BTC ($96.09 million). In seven days, Bitcoin ETFs added +11,308 BTC ($1.31B), led by Fidelity and BlackRock.
Despite the price drops, institutional interest in crypto, particularly Ethereum and Bitcoin, remains strong. Coinbase reserves reached $112B in BTC, ETH, and stablecoins, indicating rising market liquidity. The crypto market awaits further developments, with investors keeping a close eye on macroeconomic policies and government innovations that could drive market activity.
