Crypto funds notch $1.9B of inflows as Bitcoin rebounds

Cryptocurrency investment products continued their multi-week inflow streak as Bitcoin traded close to new highs and Ether briefly surged past $2,800 for the first time since February.

Global crypto exchange-traded products (ETPs) recorded $1.9 billion of inflows in the trading week ended Friday, moving a nine-week streak of inflows to $12.9 billion, CoinShares reported on Monday.

With the new inflows, crypto ETPs set a historic record of year-to-date (YTD) inflows of $13.2 billion, wrote CoinShares’ head of research, James Butterfill.

Total assets under management (AUM) in crypto ETPs edged up to $179 billion from last week’s $175.9 billion.

Bitcoin is back topping the inflows 

After two weeks of minor outflows, Bitcoin (BTC) investment products recovered to see significant gains, topping the chart last week with $1.3 billion of inflows. Short-Bitcoin products also recorded modest inflows of $3.7 million, though their AUM remained low at $96 million.

Ether (ETH) ETPs ranked second in inflows, maintaining their positive trend with a further $583 million in inflows last week. According to CoinShares’ Butterfill, the inflows marked ETH product’s largest gains since February, including their strongest single-day inflows.

Following a three-week run of outflows, XRP (XRP) investment products saw $11.8 million in inflows last week, while Sui (SUI) products saw a further $3.5 million in inflows.

BlackRock’s crypto ETF inflows surge to $1.5 billion

BlackRock’s iShares exchange-traded funds (ETFs) led the gains among issuers last week with $1.5 billion of inflows, pushing YTD inflows past $14.2 billion.

All US-issued crypto ETFs followed with minor weekly inflows of up to $95 million, while the European fund, CoinShares XBT Provider, posted minor outflows of $17 million.

Although crypto funds have seen a nine-week run of inflows, almost all the issuers are still seeing YTD outflows, with Grayscale leading the losses with more than $1.6 billion of outflows.

US issuer ProShares is the only issuer not seeing YTD outflows, with inflows totaling $437 million YTD.

Ethereum momentum is building

Butterfill said digital assets remained resilient last week despite geopolitical concerns, including the escalation of the Israel-Iran conflict, which added pressure to risk-on assets.

The escalation also led to renewed interest in gold, with spot gold spiking to $3,448 for the first time since early May, according to TradingView data.

Related: Ethereum whales, sharks keep buying up ETH as retail cashes out

After trading near new highs at $110,000 last Monday, Bitcoin tumbled to $103,000 soon after Israel launched a combined offensive to strike Iran’s nuclear program on Thursday. BTC quickly recovered to $106,000 by the end of the trading week, according to CoinGecko.

Elsewhere, Ether continued to see building momentum despite prices briefly dropping from $2,869 last Wednesday to as low as $2,473 on Thursday.

According to CoinShares’ Butterfill, Ether ETPs have seen eight consecutive weeks of inflows totalling $1.9 billion, while its $256 million of inflows on Wednesday were the largest since early December 2024.

Both Bitcoin and Ether have started a new week with notable recovery, trading at $107,171 and $2,628 by publishing time, according to CoinGecko.

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