Crypto ETPs Record Five Consecutive Weeks of Inflows, Exceeding $4 Billion
Crypto asset ETPs have now recorded their fifth consecutive week of inflows, pushing the net flows over the past five weeks to exceed $4 billion and bringing AUM close to $155 billion despite significant midweek outflows.
Summary
- According to CoinShares’ most recent weekly report, global crypto asset ETPs saw $117.8 million in net inflows last week, marking a five-week streak of positive growth and lifting total five-week inflows to over $4 billion.
- The total assets under management are nearing $155 billion, although the flows experienced notable volatility: after a $619 million net outflow from Monday to Thursday, a single day influx of $737 million on Friday turned the weekly balance positive with a net inflow of $117.8 million.
- Bitcoin products led with $192.1 million in inflows, primarily influenced by U.S. spot ETFs, while Ethereum products experienced $81.6 million in net outflows, highlighting a sudden midweek reduction in risk appetite followed by a late recovery.
CoinShares reported that digital asset ETPs attracted $117.8 million last week, extending their inflow streak to five weeks and bringing total inflows during this period to exceed $4 billion, as the industry’s AUM rose to approximately $155 billion.
Inflows mask sharp intraweek reversal
However, underneath the surface, the flows were unstable. From Monday through Thursday, products collectively experienced $619 million in net outflows, which shifted to a $737 million influx on Friday alone, indicating a late-week recovery in risk appetite according to CoinShares.
Regionally, U.S. crypto ETP inflows decreased to about $47.5 million, a significant drop compared to approximately $1.1 billion the previous week, while Germany and Canada reported more stable gains of $43.8 million and $16 million, respectively, helping to support the global totals.
CoinShares emphasized that only four assets saw significant inflows last week, a decline from nine in earlier reports, suggesting “a notable weakening in sentiment midweek” before buyers returned to close out the period.
Bitcoin ETFs dominate while Ethereum stumbles
In terms of asset types, Bitcoin-linked products again led the way, securing $192.1 million in net inflows throughout the week, with U.S. spot ETFs contributing approximately $162.8 million of that amount based on flow trackers referenced in the report.
These inflows add to the year-to-date total for Bitcoin ETPs, which had already surpassed $4 billion by late April, with CoinShares highlighting U.S. spot ETF demand as the main catalyst for the recent five-week streak of inflows.
Conversely, Ethereum products took a downturn, facing $81.6 million in net outflows as traders shifted away from ETH exposure, a stark contrast to earlier weeks in April when Ether ETPs experienced three consecutive weeks of inflows above $190 million.
CoinShares analysts indicated that the decreasing number of assets drawing in new capital—combined with midweek outflows and the significant rebound on Friday—suggests a delicate yet still positive climate, where institutional investors are cautiously adding Bitcoin risk while being more reserved regarding other market sectors.