Digital asset investment products recorded $1.4 billion in net inflows last week, marking the strongest weekly total since January, according to CoinShares.
Summary
- Crypto investment products recorded $1.4 billion in inflows, the strongest weekly total since January this year.
- Bitcoin led with $1.116 billion, while Ethereum posted $328 million in weekly inflows globally.
- Total assets under management reached $155 billion as US-based products drove most fund demand.
Meanwhile, the latest reading also extended the streak of positive flows to three consecutive weeks. CoinShares said total assets under management rose to $155 billion during the period.
Weekly flows accounted for 0.91% of total assets under management, which the report described as the highest weekly intensity seen so far this year.
Bitcoin investment products attracted the largest share of the new money. CoinShares reported that Bitcoin funds recorded $1.116 billion in inflows last week, lifting year-to-date inflows to $3.1 billion.
The report said Bitcoin’s move above $76,000 during the week helped support market sentiment. CoinShares linked the stronger flows to improving risk appetite as ceasefire extension talks between the US and Iran continued. It also said March CPI data appeared to have had limited effect on investor positioning.
Additionally, Ethereum investment products posted $328 million in inflows, their strongest weekly result since January. That lifted Ethereum’s year-to-date inflows to $197 million and added to signs of improved demand for the asset.
At the same time, short-Bitcoin products saw just $1.4 million in inflows. This showed that some hedging demand remained in the market, but the scale stayed limited compared with the flows going into long digital asset products.
Regional flows show broad demand with one exception
The United States accounted for most of the weekly inflows. CoinShares said US-based products brought in $1.5 billion during the week, making the country the clear driver of global fund activity.
Germany also recorded positive flows, with $28 million in inflows. Switzerland moved in the opposite direction, posting $138 million in outflows. CoinShares said this was the largest outflow from Switzerland since November and stood out against the broader risk-on trend in digital asset markets.
Other assets posted weaker results than Bitcoin and Ethereum. The report said XRP and Solana products recorded outflows of $56 million and $2.3 million, respectively. Even so, the broader market picture remained positive as total weekly inflows reached their highest level in months.