US government rules permitting 401(k) crypto investments drove $572M in weekly inflows, with Ethereum ETPs showing an 82% YTD surge and significant contributions from Bitcoin, Solana, XRP, and Near.
According to a PANews report on August 11th citing CoinShares, digital asset products registered net inflows of $572M this week due to new US 401(k) crypto investment rules. Ethereum ETPs attracted $268M, achieving $8.2B in year-to-date inflows and raising AUM to $32.6B with an 82% increase. Bitcoin recorded $260M in inflows, while Solana, XRP, and Near saw inflows of $21.8M, $18.4M, and $10.1M respectively. The US, Canada, and Europe experienced net flows of $608M, $16.5M, and a $54.3M outflow respectively.