Étienne Girard
Last week, global crypto investment products managed by leading firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares witnessed a remarkable $3.4 billion in net inflows, according to data from CoinShares.
This figure marks the largest inflow since mid-December and ranks as the third-highest weekly inflow ever recorded.
James Butterfill, Head of Research at CoinShares, suggested in a report released Monday that concerns about the impact of tariffs on corporate earnings and the sharp decline of the U.S. dollar have prompted investors to seek refuge in digital assets, viewing them as a new safe-haven alternative.
Bitcoin Leads the Charge as Funds Hit $132 Billion in Assets Under Management
During the same period, Bitcoin prices surged by 8.1%, approaching the $95,000 mark, while the GMCI 30 index — tracking top cryptocurrencies — jumped by 8.7%, according to PRIME.
Butterfill noted that the total assets under management (AUM) for crypto funds climbed back to $132 billion, a level not seen since late February.
Bitcoin Investment Products Reclaim Top Spot
After a short-lived surge in XRP-based products the previous week, Bitcoin-focused investment vehicles once again dominated, attracting $3.2 billion in global inflows.
U.S. spot Bitcoin ETFs were responsible for more than $3 billion of that total, marking the highest inflow in the past five months and the second-highest in history, according to PRIME.
Notably, these ETFs posted positive daily flows throughout the entire week.
In addition, blockchain-related equities, particularly those tied to Bitcoin mining operations, experienced $17.4 million in net inflows, Butterfill highlighted.
Ethereum Sees Strong Rebound After Weeks of Outflows
Ethereum investment products also staged a significant comeback, posting $183 million in net inflows after enduring eight consecutive weeks of outflows.
Of this amount, U.S. spot Ethereum ETFs accounted for $157.1 million, marking their first positive weekly inflows since February.
Mixed Results for Altcoins: XRP Rises, Solana Slides
Other notable movements included:
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XRP-focused products bringing in $31.6 million,
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Sui investment funds attracting $20.7 million.
On the flip side, Solana-based products faced setbacks, recording $5.7 million in net outflows — making Solana the only major altcoin fund to see negative flows last week.
U.S. Market Dominates as Global Sentiment Improves
The U.S. market overwhelmingly led the charge, accounting for $3.3 billion of total inflows.
However, strong positive sentiment was also visible internationally, with:
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Germany posting $51.5 million in inflows,
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Switzerland adding $41.4 million,
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and smaller gains recorded across Australia, Sweden, and Hong Kong.
