Global Crypto Funds Bounce Back with Huge Bitcoin Inflows
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Global crypto investment products saw a strong rebound last week, attracting $921 million in net inflows, reversing the previous week’s $513 million outflows, according to CoinShares.
Major asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares drove the inflows.
CoinShares’ Head of Research, James Butterfill, attributed the positive momentum to lower-than-expected U.S. CPI data, which fueled optimism about potential interest rate cuts, even amid the ongoing U.S. government shutdown that has left investors without clear guidance on monetary policy.
Weekly trading volumes for digital asset exchange-traded products remained high at $39 billion, surpassing this year’s $28 billion weekly average.
The U.S. market led the inflows with $843 million, while Germany-based funds attracted $502 million. Swiss products experienced $329 million in net outflows, largely due to asset transfers rather than genuine selling pressure.
Bitcoin-based investment products dominated the inflows, adding $931 million last week and bringing total inflows since the Federal Reserve began cutting rates to $9.4 billion. U.S. spot Bitcoin ETFs accounted for $446.3 million, led by BlackRock’s IBIT with $324.3 million.
In contrast, Ethereum products recorded $169 million in outflows, their first in five weeks, mainly from U.S.-based spot ETFs. XRP and Solana ETPs saw more modest inflows of $84.3 million and $29.4 million, respectively, ahead of anticipated U.S. ETF launches.
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