Crypto asset ETPs just notched a fifth straight 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 net inflows last week, marking a fifth consecutive positive week and pushing cumulative five-week inflows above $4 billion.
- Total assets under management now stand near $155 billion, but flows were highly volatile: $619 million in net outflows from Monday to Thursday flipped to a $117.8 million weekly inflow thanks to a single $737 million surge on Friday.
- Bitcoin products led with $192.1 million in inflows, largely driven by U.S. spot ETFs, while Ethereum products saw $81.6 million of net outflows, underscoring a sharp midweek pullback in risk appetite before a late recovery.
CoinShares said that digital asset ETPs took in $117.8 million last week, extending their inflow streak to five weeks and bringing cumulative inflows over that period to more than $4 billion, as total industry AUM climbed to around $155 billion.
Inflows mask sharp intraweek reversal
Beneath the headline, however, flows were choppy. From Monday through Thursday, products collectively saw $619 million in net outflows, before a $737 million influx on Friday alone swung the weekly balance back into positive territory, a pattern CoinShares interpreted as a late‑week rebound in risk appetite.
Regionally, U.S. crypto ETP inflows slowed to about $47.5 million — a steep deceleration compared with roughly $1.1 billion the previous week — while Germany and Canada posted steadier gains of $43.8 million and $16 million, respectively, helping keep the global tally in the green.
CoinShares noted that only four assets saw meaningful inflows last week, down from nine in prior reports, which it said reflected “a significant weakening in sentiment midweek” before buyers returned to close out the period.
Bitcoin ETFs dominate while Ethereum stumbles
By asset type, Bitcoin-linked products once again led the pack, attracting $192.1 million in net inflows over the week, with U.S. spot ETFs accounting for roughly $162.8 million of that figure according to flow trackers cited in the report.
Those flows add to year‑to‑date Bitcoin ETP inflows that already exceeded $4 billion by late April, with CoinShares previously highlighting U.S. spot ETF demand as the primary driver behind the recent five‑week inflow streak.
Ethereum products moved in the opposite direction, suffering $81.6 million of net outflows as traders rotated away from ETH exposure, a reversal from earlier weeks in April when Ether ETPs enjoyed three consecutive weeks of inflows above $190 million.
CoinShares analysts suggested that the narrowing set of assets attracting fresh capital — combined with the midweek outflows and Friday’s outsized rebound — indicates a fragile but still positive backdrop, where institutional investors are selectively adding Bitcoin risk while remaining cautious on the rest of the market.
