Crypto ETFs Hit Record $188B AUM as Bitcoin Stays Strong Near $109K Despite Trade Turbulence
Crypto ETFs have reached a record-breaking $188 billion in assets under management, fueled by significant inflows into ether, solana, and XRP funds. Over the past week, ether-linked products brought in $226 million, while solana attracted $22 million, and XRP gathered $11 million, underscoring ongoing interest in digital assets despite broader market uncertainties.
Bitcoin (BTC) has held steady near $108,700, even as renewed trade tensions spooked global markets. Former President Donald Trump announced plans for tariffs of up to 50% on certain imports, citing clashes with the European Union over tech regulations, sparking concern across traditional asset classes.
Asian equities slipped for a third time in four sessions, copper prices weakened in London, and U.S. futures edged lower. Yet bitcoin’s resilience hints that crypto markets may be decoupling from geopolitical anxieties, or that investors increasingly see crypto as a safe haven from political risks.
“Bitcoin’s limited reaction to Trump’s tariff threats shows the conviction of long-term investors and the asset’s durability,” said Han Xu, Director at HashKey Capital, in a message via Telegram. “We expect this strength to continue, even amid short-term volatility.”
However, caution remains among traders.
“Bulls keep getting exhausted quickly,” said Alex Kuptsikevich, senior market analyst at FxPro. “Bitcoin repeatedly stalls around the $110,000 mark. Although the 50-day moving average keeps attracting dip buyers, resistance above that level is strong.”
Kuptsikevich noted that the total crypto market cap, despite being up 1.8% for the week, declined by 0.6% in the past 24 hours to $3.35 trillion, revealing persistent hesitation as prices hover near record highs.
Nevertheless, crypto ETFs continue to draw fresh capital. CoinShares data showed a twelfth straight week of net positive flows, totaling almost $1 billion last week alone. Bitcoin-focused funds absorbed over $790 million of those inflows.
Ether (ETH) led altcoin ETF activity with $226 million in new investments, while Solana (SOL) and XRP (XRP) saw $22 million and $11 million, respectively. These inflows have driven crypto ETF assets under management to an all-time high of $188 billion.
Still, signs of fatigue are surfacing. The Block reports that bitcoin’s on-chain activity and implied volatility have dropped to their lowest levels in nearly two years.
Glassnode analysts describe this phase as a possible “summer lull,” with falling trading volumes and unrealized gains concentrated among long-term holders—conditions that could trigger sharp moves if sentiment shifts abruptly.
Despite the slower momentum, some analysts remain optimistic.
“Capital is still moving away from the 200-day moving average,” Kuptsikevich said. “The broader market bias is leaning bullish, but any sudden change in sentiment could quickly lead to profit-taking.”
