Investor Demand Surges Despite Geopolitical Tensions
Global crypto investment funds continued their bullish run last week, recording $1.24 billion in net inflows, according to the latest data from digital asset manager CoinShares. This marks the tenth straight week of inflows, driven by strong interest in Bitcoin and Ethereum-based products—even amid rising geopolitical uncertainty.
Bitcoin and Ethereum Lead the Charge
Bitcoin investment products saw the lion’s share of inflows, totaling $1.1 billion. Despite a recent price dip, the steady buying indicates that investors are “buying the dip” and maintaining long-term confidence. Ethereum products also remained strong, drawing in $124 million for the week—its ninth consecutive week of inflows, now totaling $2.2 billion for the period.
“Minor outflows from short-Bitcoin positions suggest the market is leaning bullish despite recent corrections,” noted CoinShares Head of Research, James Butterfill.
U.S. Spot ETFs Drive Majority of Bitcoin Inflows
U.S.-listed spot Bitcoin ETFs were the primary drivers, pulling in $1.02 billion alone. Ethereum spot ETFs in the U.S. contributed just $40.3 million, indicating more momentum for ETH investments in jurisdictions outside the U.S.
Global Breakdown: U.S. Leads, Asia Sees Outflows
The United States led the charge with $1.25 billion in net inflows. Canada and Germany followed, posting $20.9 million and $10.9 million, respectively. However, the positive trend was partially offset by outflows from Asia: Hong Kong funds lost $32.6 million, and Switzerland saw $7.7 million in outflows.
Crypto Fund Market Hits $176B in Assets
Crypto funds now manage a combined $176 billion in assets globally. Year-to-date inflows have reached a record $15.1 billion, with $14.1 billion of that occurring over the last ten weeks alone. CoinShares highlighted that inflow activity slowed slightly later in the week due to the U.S. Juneteenth holiday and mounting concerns over potential U.S. involvement in the Iran conflict.
Short-Term Price Weakness, Long-Term Strength
Despite strong inflows, crypto prices declined during the week. Bitcoin dropped 4.7%, trading at $101,660, while Ethereum fell 13.7% to $2,255.
Still, analysts remain optimistic.
“Long-term structural demand for Bitcoin is growing,” said Valentin Fournier, Lead Research Analyst at BRN. “From state-level initiatives in Texas to corporate adoption by firms like Metaplanet, Bitcoin is being positioned as a strategic reserve. This foundation may support a rebound once current macro uncertainty fades.”
Fournier also noted potential upside for Solana in a market recovery, while Ethereum may regain institutional favor as volatility stabilizes.
