Cryptocurrency exchange-traded products attracted $1.4 billion in net inflows last week, marking the second strongest weekly figure recorded since January, according to data published Monday by CoinShares. The three-week inflow streak now totals $2.7 billion, pushing year-to-date net inflows to roughly $3.8 billion. The supporting evidence appears in the filing.
Assets under management across crypto ETPs climbed to $154.8 billion, the highest level since early February and a sharp recovery from a March trough near $128 billion. The prior week logged $1.1 billion in inflows, making last week’s result a clear step up in institutional appetite.
Bitcoin and Ether Lead the Charge
Bitcoin-linked products accounted for the bulk of the gains, drawing $1.12 billion in inflows and bringing year-to-date totals to $3 billion with AUM at $123 billion. US spot Bitcoin ETFs contributed approximately $1 billion of that figure on their own, reinforcing their dominant role in weekly flow data.
Ether products posted their strongest week since January with $328 million in inflows, finally tipping year-to-date flows into positive territory at $197 million. The turnaround for ETH-linked funds reflects a broadening of demand beyond Bitcoin alone, though the gap between the two assets remains wide.
James Butterfill, head of research at CoinShares, attributed the surge in part to improved risk appetite tied to US-Iran ceasefire extension talks. He also noted that Bitcoin nearly reached $78,000 on Friday, reinforcing positive sentiment heading into the weekend.
Altcoins and Regional Flows Tell a Different Story
Not all segments benefited. XRP-linked products led altcoin outflows with $56 million in redemptions, while Solana recorded minor outflows of $2.3 million.
Short-Bitcoin products attracted just $1.4 million, suggesting hedging demand remains marginal rather than widespread.
Regionally, the United States dominated with $1.5 billion in inflows, dwarfing Germany’s second-place total of $28 million. Switzerland stood out for the opposite reason, posting $138 million in outflows, the largest redemption figure of any country last week.
On the macro side, Butterfill suggested that March CPI coming in at 3.3% year over year, with core CPI at 2.6%, was largely looked through by markets. He framed inflation as more supply-driven than broad-based, limiting its drag on risk assets for now.
Nomura’s Laser Digital research team echoed that caution, noting that lagging indicators like CPI and PMIs mostly reflect past conditions rather than present dynamics while supply chains remain disrupted. The firm described its overall outlook as cautiously optimistic.
Broader sentiment data aligned with that reading, as the Crypto Fear and Greed Index shifted from extreme fear to fear over the same period.
Not Financial Advice: This article is for informational purposes only. Crypto investments are highly volatile. Always do your own research.
