Last week, another wave of new money flowed into crypto funds. According to a report by CoinShares, investment products attracted over $880 million in seven days. That brings the year-to-date inflows to $6.7 billion. Prices have been trending upward, with Bitcoin temporarily reaching $105,000 and Ethereum trading above $2,600. Investors seem to be getting in while the opportunity is still hot.

Weekly inflows indicate continued demand

According to the latest data, $882 million flowed into cryptocurrency products last week. This marks the fourth consecutive week of inflows. While this may not shake the market as a whole, it indicates that money continues to flow in.

Managers have gathered $6.7 billion in new net cash this year. Simply put, this represents a steady inflow of new capital into these funds.

Bitcoin dominates the inflows

Bitcoin funds have seen $867 million of those inflows. A large portion of that has gone into U.S.-listed ETFs. Since January 2024, those Bitcoin ETFs have raised nearly $63 billion. They have just surpassed the previous all-time high of $61.6 billion set in February. In contrast, Ethereum products only attracted $1.5 million last week. That gap shows where most investors still feel the safest.

Sui and other Altcoins attract attention

Some smaller coins have become the focus of attention. Sui attracted $11.7 million in just one week, surpassing Solana and Ethereum during that time. The figure for the year to date is $84 million, slightly ahead of Solana's $76 million.

For its part, XRP recorded a weekly inflow of $1.4 million, bringing the total value since the beginning of the year to $258 million. The assets under management of XRP are currently at $1.35 billion. Other altcoins have only shown minor fluctuations, indicating that money is concentrating at one point rather than spreading out.



Regional flows favor the U.S.

The U.S. dominates all regions with $840 million in total last week. Germany accounted for just over $44 million and Australia for $10 million. In contrast, Sweden had the largest outflow at $12 million.

Hong Kong lost $8 million and Canada lost $4.3 million. Those figures illustrate how the U.S. market—led by major companies like BlackRock—continues to dominate.

BlackRock's iShares Bitcoin ETF is the best-performing fund, bringing in over $1 billion last week. Part of that was offset by $257 million in outflows from providers like Grayscale and Bitwise. Overall, it seems that the large gains of one provider could be equivalent to the losses of many other providers.

Behind the cash flows is a broader trend regarding currency and policy. Global M2 money supply continues to expand, adding cash to the system. Meanwhile, concerns about slow growth in the U.S. and high inflation are driving some investors into cryptocurrency as a hedge or alternative store of value.