Global crypto investment products managed by major asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares recorded a net inflow of $3.4 billion in the past week, according to data from CoinShares. This figure marks the largest net inflow since mid-December and is the third largest in history.
James Butterfill, Head of Research at CoinShares, stated:
"We believe that concerns about the impact of tariffs on corporate earnings and the significant weakening of the U.S. dollar have led investors to shift towards digital assets, seen as a new emerging safe haven."
Source: CoinShares
In the past week, Bitcoin's price recovered to nearly $95,000 with an increase of 8.2%, while the GMCI 30 index of leading cryptocurrencies rose by 8.7%. Total assets under management in funds reached $132 billion, a new record since the end of February, according to Butterfill.
The dominance of Bitcoin investment products
Bitcoin has reasserted its dominant position after a brief interruption due to the rise of XRP-based investment products last week. Bitcoin investment funds led the inflows, with $3.2 billion added globally in the past week.
Bitcoin ETFs in the U.S. accounted for over $3 billion in total inflows, the highest in the past five months and the second highest ever, following the positive daily inflows recorded last week.
Butterfill noted that blockchain-related stocks also saw a net inflow of $17.4 million, particularly from Bitcoin mining-related ETFs.
Meanwhile, Ethereum investment products attracted $183 million, ending an eight-week streak of consecutive withdrawals. Notably, $157.1 million of this was poured into U.S. spot Ethereum ETFs, significantly contributing to this recovery, while also recording the first positive weekly net inflow since February.
XRP products recorded an additional $31.6 million, while Sui funds attracted $20.7 million. However, Solana-related products were the only group to experience outflows, losing $5.7 million in the past week.
The U.S. market also reaffirmed its dominance over other regions, with net inflows reaching $3.3 billion. Nevertheless, positive sentiment spread globally as cryptocurrency investment products in Germany and Switzerland recorded net inflows of $51.5 million and $41.4 million, respectively. Funds in Australia, Sweden, and Hong Kong also recorded inflows, albeit at more modest levels.
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