Crypto exchange-traded products (ETPs) recorded $921 million in inflows last week, more than reversing the $513 million in outflows seen the week prior, according to a Monday report from CoinShares.
The rebound was largely driven by renewed investor confidence in potential U.S. rate cuts, following lower-than-expected CPI data released on Friday, said James Butterfill, CoinShares’ head of research.
The Consumer Price Index rose 0.3% in September, bringing the annual inflation rate to 3%, both figures coming in below forecasts.
Butterfill noted that the ongoing U.S. government shutdown, which has halted the release of several key economic indicators, left investors with limited clarity on monetary policy. The CPI report, he added, revived expectations of further rate cuts by the Federal Reserve.
Bitcoin Leads Inflows; Ether Turns Negative
Bitcoin, which had driven the previous week’s outflows, bounced back with $931 million in inflows, nearly erasing prior losses.
Meanwhile, Ether posted its first weekly outflows in five weeks, totaling $169 million, with consistent redemptions throughout the period. “Despite the outflows, 2x leveraged ETPs remain in demand,” Butterfill said.
Other altcoin ETPs — including Solana and XRP — experienced a slowdown in weekly inflows ahead of upcoming U.S. exchange-traded fund (ETF) launches, posting $29.4 million and $84.3 million in inflows, respectively. Notably, Solana ETP inflows dropped over 81% compared to the previous week.
According to Butterfill, Bitcoin’s $931 million inflow last week brought total inflows since the Federal Reserve began cutting rates in September to $9.4 billion.
Despite the strong recent momentum, Bitcoin funds’ year-to-date inflows remain $30.2 billion, still about 38% below the $41.6 billion seen in the same period last year.
Overall, total assets under management (AUM) in crypto funds rose to $229 billion, with $48.9 billion in inflows recorded so far in 2025.
