Crypto products mark $224 million of inflows after strong performance in IBIT and Ethereum ETFs

• Digital asset products recorded total inflows of $224 million last week. 
• Ethereum products led the gains with $296.4 million in inflows, while Bitcoin ETFs saw $56.5 million in outflows.
• Despite the outflows, IBIT dethroned GLD to become the fastest ETF to cross the $70 billion mark.
• Strategy strengthened its Bitcoin holdings by purchasing 1,045 BTC worth $110.2 million.

Digital asset products witnessed inflows of $224 million last week, led by Ethereum exchange-traded funds (ETF) and BlackRock's iShares Bitcoin Trust (IBIT). Meanwhile, Strategy added to its Bitcoin holdings after it purchased 1,045 BTC for $110.2 million, boosting its total holdings to 582,000 BTC.

Crypto ETFs record inflows as Strategy continues its Bitcoin buying spree

Global crypto products marked inflows totaling $224 million last week, according to CoinShares. The positive flows were led by Ethereum products, netting $296.4 million in inflows. This marked its seventh consecutive week of net inflows, totaling $1.5 billion — 10.5% of the general total assets under management (AuM) in ETH products, noted James Butterfill, CoinShares Head of Research.

In contrast, Bitcoin ETFs marked a second consecutive week of outflows, shedding $56.5 million. Notably, US spot Bitcoin ETFs resumed inflows between Tuesday and Wednesday but switched back to outflows on Thursday after President Donald Trump and Tesla CEO Elon Musk clashed over Trump's "One Big Beautiful Bill."

Musk criticized the bill on its potential to increase the US deficit by $3 trillion — according to the Congressional Budget Office — and highlighted that Trump's tariffs could send the US into a recession. Trump responded by threatening to cancel government contracts and subsidies to Musk's companies.

Despite the outflows, BlackRock's iShares Bitcoin Trust (IBIT) crossed $70 billion in assets under management (AuM), becoming the fastest ETF to reach that milestone and ranking among the top 25 products globally, according to Bloomberg Senior ETF analyst Eric Balchunas.

"IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 [trading] days, which is 5x faster than the old record held by GLD of 1,691 days," wrote Balchunas in an X post on Monday.

Meanwhile, business intelligence firm Strategy revealed it purchased 1,045 BTC for $110.2 million at an average price of $105,426 per BTC. This brings its total holdings to 582,000 BTC purchased at an average price of $70,086 . The purchase comes after Strategy announced a $1 billion upsized offering of its Series A Perpetual Stride Preferred Stock (STRD) on Friday.

The company's Bitcoin playbook continues to attract corporate companies seeking BTC exposure in their treasuries. The Blockchain Group announced the launch of a €300 Million "ATM-type" capital program with asset manager TOBAM to boost its Bitcoin treasury, according to a press release on Monday.

Bitcoin is up 2% on Monday, trading above $108,000, following reports of positive tariff discussions between US delegates and Chinese representatives in London.