Crypto ETPs See Unprecedented Volume Amid Unprecedented Liquidations

Reading Time: < 1 minute

Last week painted a contradictory picture for digital assets: while the market suffered its largest-ever liquidation event in dollar terms, crypto exchange-traded products (ETPs) saw record-breaking activity.

Data from CoinShares reveals weekly inflows of $3.17 billion and a staggering $53 billion in trading volume—more than double the 2025 average.

This indicates that while leveraged traders were wiped out, institutional investment vehicles experienced a surge of interest and capital, even in the face of a severe price correction.

CoinShares Head of Research James Butterfill reported that while weekly trading volumes in digital asset ETPs surged to a record $53 billion (with a daily high of $15.3 billion on Friday), the sector’s total assets under management dropped 7% to $242 billion. This decline was triggered by President Trump’s tariff announcement, though its impact was softened after some of his comments were later walked back.