Crypto ETPs Draw $1.4B as Bitcoin Nears $78,000

Crypto exchange-traded products pulled in $1.4 billion in inflows last week, marking the second-largest weekly intake since January, CoinShares reported Monday. The figure rose from $1.1 billion the prior week and extended a three-week inflow streak totaling $2.7 billion.

Year-to-date net inflows into crypto ETPs reached about $3.8 billion, and total assets under management climbed to $154.8 billion, the highest level since early February after falling to roughly $128 billion in March.

Bitcoin was the main driver, drawing $1.12 billion of last week’s inflows. US spot Bitcoin ETFs accounted for roughly $1 billion of that amount. Bitcoin ETPs’ year-to-date inflows totaled about $3 billion, and Bitcoin-related assets under management stood near $123 billion. Price data showed Bitcoin nearly touched $78,000 on Friday.

Ether investment products recorded $328 million of inflows, their strongest week since January, bringing Ether ETPs into positive territory for the year with about $197 million in net inflows.

Not all token products saw inflows. XRP-focused ETPs registered the largest outflows at $56 million, while Solana funds experienced outflows of about $2.3 million. Short-Bitcoin products took in a modest $1.4 million, indicating limited hedging flows relative to long positions.

By region, the United States led with $1.5 billion of inflows. Germany recorded $28 million in inflows, and Switzerland saw the largest redemptions, with outflows totaling $138 million.

CoinShares’ head of research, James Butterfill, linked the increase in fund flows to a recovery in risk appetite tied to talks on extending a US‑Iran ceasefire. He also noted that markets appear to have largely looked through March’s Consumer Price Index rise to 3.3%, pointing to a contained core CPI of 2.6%.

Digital-asset investment firm Laser Digital commented that delayed macro indicators such as CPI and purchasing managers’ indices mainly reflect past conditions rather than current market dynamics and described the outlook as “cautiously optimistic.” The firm added that ongoing conflicts continue to affect supply chains and spending patterns.

Market sentiment measures moved higher last week. The Crypto Fear & Greed Index climbed from “extreme fear” into “fear,” registering a score above 29 for the first time since late January.

The inflows pushed total crypto ETP assets back to levels not seen since early February, with the bulk of flows concentrated in Bitcoin and, to a lesser extent, Ether, while some altcoin products continued to see outflows.