Digital asset investment products have recorded their fifth consecutive week of positive inflows, signaling sustained investor interest in crypto assets despite lingering macroeconomic uncertainty.
According to CoinShares, inflows into crypto-related investment vehicles totaled $785 million in the past week. This brings year-to-date inflows to $7.5 billion, officially surpassing the previous record of $7.2 billion set in February 2024.
Ethereum Gains Momentum While Solana Sees Minor Setback
Ethereum emerged as a key driver of last week’s fund flows, attracting $205 million in inflows. This marks a strong recovery for the network and brings Ethereum’s year-to-date total to $575 million.
CoinShares head of research, James Butterfill attributes the recent investor interest to the successful deployment of the Pectra upgrade and the leadership changes at the Ethereum Foundation, including the appointment of Tomasz Stańczak as co-executive director. These developments appear to have renewed investor optimism around Ethereum’s technical roadmap and long-term viability.
Bitcoin remained the dominant asset in terms of overall inflows, pulling in $557 million during the week. However, this figure represents a slight decline from the prior week’s activity, possibly influenced by hawkish commentary from the US Federal Reserve regarding interest rate policy, according to Butterfill
Additionally, short-Bitcoin investment products saw their fourth consecutive week of inflows, totaling $5.8 million. This suggests that some investors remain cautious, hedging their exposure amid continued price fluctuations.
While most major digital assets saw positive movement, Solana was the only listed exchange-traded product (ETP) to record net outflows, with $890,000 exiting the market. This could reflect profit-taking following its earlier price surge or changing investor sentiment in response to recent developments within the Solana ecosystem.
Asia Shows Renewed Interest As Regional Trends Diverge
James Butterfill, noted that the current year-to-date figure represents a full recovery from the nearly $7 billion in outflows experienced during the February–March correction. This rebound highlights a resurgence of investor confidence in the digital asset sector. However, fund flows varied widely by region, suggesting sentiment remains mixed across global markets.
Notably, the United States led with $681 million in inflows, followed by Germany with $86.3 million and Hong Kong with $24.2 million, marking its largest inflow since November 2024.
Sweden on the other end saw $16.3 million in redemptions, while Canada and Brazil recorded $13.5 million and $3.9 million in outflows, respectively. Butterfill suggests these discrepancies may reflect differing investor timelines, access to spot ETF products, or regulatory climates.
Overall, the steady return of institutional capital into digital asset funds indicates growing acceptance of crypto as a mainstream asset class. With Ethereum leading the rebound and regional interest shifting, the coming weeks will likely provide further insight into how macroeconomic policies and blockchain-specific developments influence capital allocation across the crypto market.
Featured image created with DALL-E, Chart from TradingView
