Crypto ETPs See Five Straight Weeks of Inflows, Surpassing $4 Billion
Crypto asset ETPs have celebrated their fifth consecutive week of inflows, elevating net flows over the past five weeks to more than $4 billion and bringing AUM close to $155 billion, despite a notable midweek outflow.
Summary
- As per CoinShares’ latest weekly report, global crypto asset ETPs recorded $117.8 million in net inflows last week, marking a five-week trend of positive growth and increasing total five-week inflows to over $4 billion.
- The overall assets under management are approaching $155 billion, with flows experiencing significant volatility: after a $619 million net outflow from Monday to Thursday, a single-day influx of $737 million on Friday reversed the weekly balance to a net inflow of $117.8 million.
- Leading the inflows, Bitcoin products attracted $192.1 million, mainly fueled by U.S. spot ETFs, while Ethereum products faced $81.6 million in net outflows, demonstrating a sudden midweek shift in risk appetite followed by a late recovery.
CoinShares noted that digital asset ETPs gained $117.8 million last week, extending their streak of inflows to five weeks and bringing total inflows during this timeframe to over $4 billion, with the industry’s AUM increasing to approximately $155 billion.
Inflows Conceal Sharp Intraweek Fluctuations
However, behind the scenes, the flows exhibited instability. From Monday through Thursday, products collectively faced $619 million in net outflows, shifting to a $737 million influx on Friday alone, signaling a late-week recovery in risk appetite as per CoinShares.
Regionally, U.S. crypto ETP inflows decreased to around $47.5 million, a steep decline from about $1.1 billion the prior week. In contrast, Germany and Canada reported more stable gains of $43.8 million and $16 million, respectively, which helped bolster the global totals.
CoinShares highlighted that only four assets attracted significant inflows last week, down from nine in previous reports, indicating “a notable weakening in sentiment midweek” before buyers returned to wrap up the period.
Bitcoin ETFs Lead while Ethereum Declines
Regarding asset types, Bitcoin-linked products continued to outperform, garnering $192.1 million in net inflows throughout the week, with U.S. spot ETFs contributing roughly $162.8 million of this amount, according to flow trackers in the report.
These inflows add to the year-to-date total for Bitcoin ETPs, which had already surpassed $4 billion by the end of April, with CoinShares identifying U.S. spot ETF demand as the primary driver behind the recent five-week inflow streak.
In contrast, Ethereum products experienced a decline, facing $81.6 million in net outflows as traders shifted their focus away from ETH exposure, a marked difference from earlier weeks in April when Ether ETPs enjoyed three consecutive weeks of inflows exceeding $190 million.
CoinShares analysts suggested that the declining number of assets attracting new capital—combined with midweek outflows and a significant rebound on Friday—indicates a delicate but generally positive atmosphere, where institutional investors are selectively increasing Bitcoin exposure while remaining cautious regarding other market sectors.