Isabella García
Cryptocurrency investment vehicles managed by industry giants like BlackRock, Fidelity, Grayscale, Bitwise, ProShares, and 21Shares pulled in $286 million in net inflows last week, according to the latest data from CoinShares. Notably, Ethereum-focused funds led the charge, offsetting a midweek downturn in Bitcoin ETF inflows.
This marks the seventh consecutive week of positive inflows, pushing the cumulative total to an impressive $10.9 billion. However, despite the consistent inflows, the total assets under management (AUM) for these products fell to $177 billion, retreating from an all-time high of $187 billion.
CoinShares’ Head of Research James Butterfill attributed the dip to price corrections linked to U.S. trade tariff uncertainty.
Ethereum-based crypto funds stood out with $321 million in new inflows, extending a six-week rally totaling $1.2 billion — the strongest run since December 2024. Butterfill cited a “notable shift in investor sentiment” as the key driver behind this surge.
U.S. spot Ethereum ETFs were responsible for $285.8 million of those inflows, according to PRIME, signaling increasing institutional confidence in ETH.
Bitcoin ETFs Face Reversal After Legal Setback on U.S. Tariffs
Bitcoin investment products, which had started the week on solid ground, saw a reversal midweek following a court ruling deeming U.S. tariffs illegal. This led to $8 million in net outflows by Friday, ending a six-week winning streak worth $9.6 billion, Butterfill explained.
The bulk of the drawdown came from U.S.-listed spot Bitcoin ETFs, which recorded $144.8 million in outflows — effectively halting IBIT’s 34-day streak that had attracted $9.4 billion in net inflows. Although funds from other regions contributed positively, it wasn’t enough to offset the losses from the U.S.
XRP Products Extend Outflows, Crypto Prices Trend Down
Meanwhile, XRP-linked funds registered $28.2 million in weekly outflows, marking the second consecutive week of investor pullback in that category.
In terms of market performance, Ethereum dropped 2.7% to $2,488, Bitcoin fell 4%, and the broader GMCI 30 index of major digital assets slid 6%, according to data from PRIME.
Regional Breakdown: U.S. Leads, But Global Interest Rises
Despite the turbulence, the U.S. remained the leading source of inflows, accounting for $199 million. However, investor interest showed signs of shifting geographically.
-
Hong Kong experienced its highest net inflows since launching crypto ETFs in April 2024, pulling in $54.8 million.
-
Germany and Australia followed with $42.9 million and $21.5 million, respectively.
-
In contrast, Switzerland-based products faced $32.8 million in outflows, the largest of any region last week.
