Crypto ETPs draw $1 billion, ending 5-week outflow streak

Crypto exchange-traded products took in about $1 billion for the week ended Friday, the first weekly inflow since January, ending a five-week run of approximately $4 billion in outflows, according to CoinShares. Bitcoin products led with $881 million, and U.S. spot Bitcoin ETFs attracted about $787.3 million, data from SoSoValue show.

Flows were broadly positive across major markets. The United States accounted for about $957 million, while Canada recorded $34 million, Germany $32.7 million and Switzerland $28 million.

CoinShares head of research James Butterfill said there wasn’t a single catalyst behind the turnaround. He attributed the shift to earlier price weakness, breaks below key technical levels, and renewed buying by larger Bitcoin holders. He added that recent client conversations have mostly focused on finding entry points rather than reducing exposure.

By asset, Ether funds added about $117 million, the strongest week since January, while Solana products drew roughly $54 million. Smaller gains appeared in Chainlink at $3.4 million and XRP at $2 million.

Despite the inflows, total assets under management in crypto ETPs declined to $127.7 billion from $130.4 billion a week earlier. Net assets in Bitcoin ETFs slipped to $83.4 billion from $85.3 billion.

Year to date, Bitcoin and Ether ETPs remain negative, with net outflows of about $408 million and $430 million, respectively, while Solana and XRP products have taken in $156 million and $153 million.

CoinShares’ weekly report tracks subscriptions and redemptions across issuers and regions for a view of institutional and professional activity in crypto ETPs.