According to the CoinShares weekly report published on July 28, 2025, investment product managers such as BlackRock, Grayscale, and Fidelity have attracted $1.9 billion into crypto funds in the past week. This continues a trend of 15 consecutive weeks of net inflows. Total subscriptions since the start of the month have reached a record $11.2 billion.
Ethereum has maintained its lead for the second week in a row, receiving $1.59 billion in the period, the second-highest amount on record. Due to this, the annual inflow into Ethereum funds has grown to $7.79 billion, which has already exceeded the total investment volume for the whole of 2024.
At the same time, there was an outflow of capital from Bitcoin-related funds in the amount of $175 million. Despite this, Bitcoin products continue to occupy leading positions in terms of total monthly and annual investments.
In addition, investor interest extends to other altcoins: Solana and XRP received $311 million and $189 million, respectively, and Sui attracted $8 million. Increased demand is also noticeable for Litecoin and Bitcoin Cash.
CoinShares analyst James Butterfill emphasized that despite the reduction in investments in Bitcoin funds, the overall mood in the market remains positive. According to him, the current structure of capital flows indicates that investors are taking tactical positions in anticipation of important events, such as the launch of an ETF, rather than seeking a broad price increase.
Geographically, the bulk of the inflows came from Germany — $2 billion and another $70 million. Capital outflows were observed in Hong Kong ($160 million), Canada ($84 million) and Brazil ($23 million), but losses were partially offset by demand from the United States.
Thus, 2025 shows an increase in interest in Ethereum and altcoins against the backdrop of a cautious decline in positions in Bitcoin, reflecting the changing dynamics of the cryptocurrency market and investor strategies.