Crypto ETPs draw $864 million in third week of inflows

Global crypto exchange-traded products took in $864 million in net inflows last week, the third consecutive weekly gain, according to CoinShares. Products managed by BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares were among those seeing subscriptions. The weekly total followed $716 million a week earlier.

In a Monday report, CoinShares Head of Research James Butterfill wrote, that flows reflect a cautious yet increasingly optimistic investor base, adding that trading after the recent U.S. Federal Reserve rate cut showed “mixed sentiment and uneven flows.”

By region, U.S.-listed products recorded $796 million in net inflows. Germany added $68.6 million and Canada $26.8 million. CoinShares said these three markets have led activity this year.

By asset, bitcoin-based ETPs led with $522 million in weekly inflows, bringing year-to-date inflows to $27.7 billion, still below the $41.6 billion recorded in 2024. Short-bitcoin products saw $1.8 million in outflows last week.

Ether products attracted $338 million in weekly inflows, lifting year-to-date totals to $13.3 billion, up 148% compared with 2024. In the U.S., spot ether ETFs took in $209.1 million last week, led by BlackRock’s ETHA fund.

As we reported earlier, ether exchange balances have fallen to an unprecedented low of around 8.7% of total supply-the smallest share since Ethereum launched in 2015-as more ETH is moved into staking, restaking, and long-term custody while the price holds near $3,000.

Flows extended beyond bitcoin and ether. Solana products added $65 million last week, taking year-to-date inflows to $3.5 billion, which CoinShares described as a tenfold increase from 2024. XRP-based funds brought in $46.9 million for the week, reaching nearly $3.2 billion for the year. Aave and Chainlink products saw weekly inflows of $5.9 million and $4.1 million, respectively, while Hyperliquid funds recorded $14.1 million in outflows.