BTC led all assets in last week's inflows, drawing $932.5 million and bringing its year-to-date total to $4 billion.
Bitcoin News
Cryptocurrency investment products recorded $1.2 billion in inflows last week, marking their fourth consecutive week of gains, according to CoinShares. The four-week total has now reached approximately $3.9 billion, surpassing the previous four-week run of $2.9 billion recorded in March.
Total assets under management across crypto ETPs rose to $155 billion, the highest level since Feb. 1, CoinShares head of research James Butterfill said. He attributed the growth to improving institutional demand, supported by BTC trading above $76,000 for the first time since its February correction.
BTC led all assets in last week's inflows, drawing $932.5 million and bringing its year-to-date total to $4 billion. U.S.-listed spot Bitcoin ETFs accounted for approximately $824 million of that figure, according to SoSoValue data.
ETH ranked second with $192 million in inflows, its third consecutive week above $190 million in weekly gains. Year-to-date inflows for Ether ETPs have now reached $390 million.
XRP funds returned to positive territory last week after recording $56 million in outflows the prior week. Short-Bitcoin products also saw modest inflows of $16.5 million, broadly in line with the prior month's average, indicating persistent but not elevated hedging activity, Butterfill said.
Blockchain equity ETFs posted a record week of inflows, Butterfill noted. Those funds have attracted $617 million over the past three weeks, reflecting rising demand for broader exposure to the technology and digital asset sector.
The U.S. dominated regional flows with $1.1 billion in inflows. Germany contributed approximately $62 million, more than double the prior week, while Switzerland reversed from $138 million in outflows the previous week to $35 million in fresh inflows.
Butterfill said the market is now focused on the FOMC decision on April 28 and 29, which he said is likely contributing to some caution at the margin among investors.
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