Global crypto investment products experienced a surge last week, registering $3.4 billion in net inflows, according to CoinShares data. This marks the largest inflow since mid-December and the third-largest on record.
Bitcoin Dominance
Bitcoin funds led the way with $3.2 billion in inflows. U.S. spot Bitcoin ETFs accounted for over $3 billion of the weekly inflows, marking the highest in five months. Total assets under management at these funds reached $132 billion, a level unseen since late February.
Ethereum's Turnaround
Ethereum-based investment products saw a turnaround with $183 million in net inflows, ending an eight-week outflow streak. U.S. spot Ethereum ETFs contributed significantly, witnessing their first positive weekly inflows since February. XRP products added $31.6 million, while Sui funds attracted $20.7 million; Solana-based products were the only ones to see outflows, losing $5.7 million.
Regional Flows
The U.S. market dominated with $3.3 billion in net inflows. Germany and Switzerland recorded significant inflows of $51.5 million and $41.4 million, respectively. Australia, Sweden, and Hong Kong also saw modest inflows into crypto investment products last week.