Bitcoin and Ethereum ETFs make a strong comeback with $3.4 billion in weekly inflows
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Bitcoin and Ethereum ETFs make a strong comeback with $3.4 billion in weekly inflows
CoinShares' head of research said institutional investors don't seem to be as important as retail investors.
Navigating Web3 tides with focused insightsAuthor: André Beganski
Translation: TechFlow
Quick Take
According to CoinShares research, investors poured $3.4 billion into digital asset investment products last week.
The previous week, year-to-date inflows stood at just $171 million, following a sustained period of outflows.
Bitcoin accounted for 93% of last week’s inflows.
Investors injected $3.4 billion into digital asset investment products last week, snapping up shares of spot Bitcoin exchange-traded funds (ETFs), as market turbulence triggered by tariff concerns began to subside, according to a report from crypto asset manager CoinShares.
This marks the third-best weekly performance in the history of crypto investment funds, including those tracking popular altcoins such as Ethereum, Solana, and XRP. The prior week saw only $171 million in year-to-date inflows after an extended stretch of capital outflows.
"We're now at $3.5 billion, recovering from a point close to zero," James Butterfill, head of research at CoinShares, told Decrypt. "I think that's cautiously optimistic."
Last week, Bitcoin surpassed $95,000 for the first time since U.S. President Trump announced "reciprocal" tariffs. Bitcoin dominated last week’s inflows with a 93% share, followed by Ethereum and XRP, which attracted $183 million and $31 million respectively.
Although crypto funds are experiencing one of their strongest weeks on record, Butterfill noted that year-to-date inflows had previously reached $7.4 billion, suggesting that at least one more week of robust investment will be needed to fully restore positive adoption trends.
Institutional participants can take advantage of the price difference between spot and futures markets through so-called basis trades. Butterfill pointed out that while institutional engagement in Bitcoin has increased, the recent rise has been only modest.
With asset prices now trading significantly higher than levels seen on April 2—when Trump threatened tariffs on most countries—it appears institutions are stepping back, while retail investors continue to press forward with allocations, Butterfill added.
Last year, crypto funds attracted $29 billion, largely driven by the U.S. approval of spot Bitcoin ETFs, which fueled this historic performance. However, it remains uncertain whether that rapid growth momentum can persist amid renewed global economic uncertainty sparked by Trump’s tariff proposals.
Butterfill said the public will gain clearer insight into Wall Street’s positioning when institutional investment managers file their next round of 13F disclosures in mid-May, revealing greater transparency around their recent investment activities and holdings.
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