Digital asset investment products recorded $286 million in net inflows last week, driven by a surge in Ethereum-based funds. It marks the strongest run for Ethereum since December 2024, according to a new report from CoinShares.
Ethereum Steals the Spotlight
Ethereum funds led all crypto investment products with $321 million in net inflows, continuing a six-week run totaling $1.2 billion. This marks their best streak since late 2024. The majority of inflows came from U.S. spot Ethereum ETFs, which brought in $285.8 million last week.
According to CoinShares Head of Research James Butterfill, the rise reflects a “decisive improvement in sentiment” toward Ethereum from institutional investors.
Bitcoin Investment Products See First Weekly Outflows in Six Weeks
While Ethereum gained momentum, Bitcoin-based funds recorded $8 million in net outflows, ending a six-week, $9.6 billion inflow streak.
The reversal followed a U.S. court ruling that declared certain tariffs illegal, which dampened midweek sentiment. BlackRock’s iShares Bitcoin Trust (IBIT) saw $144.8 million in outflows, halting its 34-day streak that had previously brought in $9.4 billion.
Meanwhile, XRP-based funds experienced a second consecutive week of outflows, losing $28.2 million.
Global Inflows Top $10.9 Billion Over Seven Weeks
Last week marked the seventh straight week of positive flows, bringing the total net inflows since mid-April to $10.9 billion.
Despite this momentum, the overall value of assets under management dropped from $187 billion to $177 billion, due to a broader decline in crypto prices. Market volatility remains high amid uncertainty over U.S. trade policy.
Regional Highlights
The United States remained the primary driver of inflows with $199 million added last week. However, other regions also showed strong performance:
- Hong Kong saw $54.8 million in net inflows — its best week since launching crypto exchange-traded products in April 2024.
- Germany posted $42.9 million, while Australia brought in $21.5 million.
- Switzerland, in contrast, experienced $32.8 million in outflows, making it the weakest-performing region last week.
Market Recap
While investment inflows remained strong, crypto prices declined during the week:
- Ethereum (ETH) fell 2.7%, ending the week at $2,488.
- Bitcoin (BTC) dropped 4%.
- The GMCI 30 Index, which tracks major cryptocurrencies, declined 6%.
Key Takeaways
- Ethereum is gaining ground with institutional investors, supported by strong inflows into spot ETFs.
- Bitcoin’s recent pullback may reflect short-term sentiment shifts, but its long-term demand remains strong.
- Regional interest is diversifying, with Hong Kong, Germany, and Australia all contributing significantly to global inflows.
- Overall investor appetite for digital assets continues to grow, even as markets face price pressure and regulatory uncertainty.
