Étienne Girard
Digital asset investment vehicles managed by leading firms such as BlackRock, Fidelity, Bitwise, Grayscale, ProShares, and 21Shares attracted a combined $1.9 billion in net inflows last week, according to data from CoinShares.
Despite geopolitical tensions pressuring traditional risk assets, cryptocurrencies and gold continued to draw investor capital, noted James Butterfill, Head of Research at CoinShares. The inflows represent the ninth consecutive week of gains, pushing year-to-date inflows to a record-breaking $13.2 billion, with total assets under management (AUM) now standing at $179 billion.
Bitcoin Rebounds as Ethereum ETFs Extend Record Run
After a brief slowdown, Bitcoin investment products rebounded sharply, collecting $1.3 billion in new inflows last week. The bulk of this momentum came from U.S. spot Bitcoin ETFs, which brought in $1.37 billion, partially offset by minor outflows in international markets. Short Bitcoin positions also saw modest interest, with $3.7 million in inflows.
Meanwhile, Ethereum-based investment vehicles continued their strongest performance since February, adding another $585 million to bring the recent rally’s total to $2 billion—approximately 14% of Ethereum’s total $14.9 billion AUM. Notably, U.S. spot Ethereum ETFs contributed $528.2 million of last week’s total. However, a 19-day streak of uninterrupted inflows ended Friday after a $2.1 million outflow.
Other notable performances include XRP funds, which posted their first inflows in three weeks at $11.8 million, and Sui-related products, drawing $3.5 million.
U.S. Leads Regional Inflows; Asia Sees Weekly Outflows
The United States remained the top contributor, responsible for $1.9 billion of the total inflows, while Europe showed moderate gains: Germany ($39.2M), Switzerland ($20.7M), and Canada ($12.1M). However, Hong Kong and Brazil saw weekly net outflows of $56.8 million and $8.5 million, respectively.
Market Remains Resilient Amid Uncertainty
According to PRIME’s pricing data, Bitcoin is up 1.3% on the week at $107,186, while Ethereum has climbed 5.4% to $2,628.
“The crypto market’s resilience is impressive,” said Valentin Fournier, Lead Research Analyst at BRN. “We’re seeing renewed interest from retail and algorithmic traders.” However, he cautioned that uncertainty around interest rate cuts, reduced central bank crypto purchases, and waning institutional appetite for ETH could create volatility in the path toward new all-time highs.
