Cryptocurrency investment products extended their inflow streak last week, supported by Bitcoin reaching its highest levels since early February.
Crypto exchange-traded products (ETPs) saw $1.2 billion in inflows, marking a fourth straight week of gains, according to CoinShares. Over the four-week period, total inflows climbed to around $3.9 billion — the strongest run so far this year — surpassing the previous $2.9 billion recorded in March.
Assets under management rose to $155 billion, their highest level since Feb. 1, aided by Bitcoin climbing above $76,000 for the first time since its February pullback, CoinShares head of research James Butterfill said.
He noted that the continued growth in crypto ETPs likely reflects strengthening institutional demand amid Bitcoin’s rally, though investors remain cautious ahead of the Federal Open Market Committee (FOMC) meeting scheduled for April 28–29.
Bitcoin dominates inflows
Bitcoin led last week’s inflows, attracting $932.5 million and pushing its year-to-date total to $4 billion. Much of this came from US-listed spot Bitcoin ETFs, which accounted for roughly $824 million in inflows, according to SoSoValue.
Ether-based ETPs followed with $192 million in inflows, marking a third consecutive week above $190 million and bringing their year-to-date total to $390 million.
XRP-focused funds returned to inflows after posting $56 million in outflows the week prior.
Despite the overall positive momentum, short-Bitcoin products still saw modest inflows of $16.5 million. This was broadly in line with the previous month’s average, indicating steady — but not heightened — demand for hedging, Butterfill said.
Blockchain equity ETFs see record demand
Butterfill also highlighted that blockchain equity ETFs recorded their strongest week on record. Over the past three weeks, these funds have attracted a combined $617 million in inflows, reflecting growing investor appetite for exposure to the broader digital asset and technology sector.
On a regional basis, the United States led with $1.1 billion in inflows. Germany followed with about $62 million — more than double the previous week — while Switzerland rebounded from $138 million in outflows to post $35 million in inflows.
