Crypto asset ETPs recently experienced a fifth consecutive week of inflows, lifting five-week net flows above $4B and pushing AUM near $155B despite sharp midweek outflows.
Summary
- CoinShares’ latest weekly report shows global crypto asset ETPs recorded $117.8 million in inflows last week, marking the fifth consecutive positive week and pushing five-week inflows above $4 billion.
- Total assets under management are now close to $155 billion, but flows have been more volatile: $619 million in net outflows from Monday to Thursday rose to $117.8 billion in weekly inflows thanks to a single $737 million move on Friday.
- Bitcoin products led with $192.1 million in inflows, mostly driven by US ETFs, while Ethereum products saw $81.6 million in net outflows, underscoring the week’s sharp reversal in demand before a late recovery.
CoinShares said digital asset ETPs took in $117.8 million last week, extending its inflow to five weeks and bringing inflows during that period to more than $4 billion, as overall industry AUM rose to nearly $155 billion.
Sharp income masks intraweek changes
Under the heading, however, the flow was bad. From Monday to Thursday, the products collectively saw $619 million in total outflows, before the entry of $737 million on Friday alone turned the week’s balance back to positive, a pattern that CoinShares interpreted as the latest weekly increase in appetite.
By region, US crypto ETP inflows fell to around $47.5 million – a slowdown from last week’s roughly $1.1 billion – while Germany and Canada posted steady gains of $43.8 million and $16 million, respectively, helping to keep global figures in the green.
CoinShares noted that only four stocks saw meaningful inflows last week, down from nine in previous reports, which it said showed a “significant decrease in sentiment during the week” before buyers returned to close the session.
Bitcoin ETF dominates while Ethereum stumbles
By asset type, Bitcoin-linked products also led the pack, attracting $192.1 million in inflows during the week, with US spot ETFs accounting for nearly $162.8 million of that figure, according to flow trackers cited in the report.
That flow adds to year-to-date Bitcoin ETP inflows that already surpassed $4 billion in late April, and CoinShares previously highlighted US spot ETF demand as a key driver after the latest five-week inflow.
Ethereum products moved in the opposite direction, suffering $81.6 million in net outflows as traders trimmed ETH exposure, a reversal from the previous weeks in April when Ether ETPs enjoyed three consecutive weeks of inflows above $190 million.
CoinShares analysts suggested that the dwindling set of assets attracting new capital – combined with the mid-week exit and Friday’s rebound – indicated a fragile but still stable background, where institutional investors are selectively adding to Bitcoin risk while remaining cautious on the rest of the market.
