Digital asset investment products attracted $857.9 million in net inflows last week, the sixth consecutive week of positive flows that brought total assets under management (AuM) to $160 billion, according to data from Coinshares.
The weekly report from Coinshares highlighted a volatile but ultimately positive week, with a sharp Friday rally reversing mid-week outflows and confirming sustained institutional appetite.
Bitcoin-focused funds led the buying with $706.1 million in weekly inflows. Ethereum products also saw a strong showing, pulling in $77.1 million. Interest broadened to altcoins, with Solana and XRP investment products recording inflows of $47.6 million and $39.6 million, respectively.
The sustained inflows, particularly from the United States which accounted for $776.6 million, suggest a deepening institutional commitment to digital assets as a portfolio component, a trend reinforced by the successful launch of new products from traditional finance players.
US Dominates Flows as Sentiment Rebounds
The United States was the primary driver of inflows, contributing $776.6 million to the weekly total. This marked a significant rebound in regional demand after a softer prior week. The headline number obscures significant intra-week volatility, where products saw $619 million in outflows from Monday through Thursday before a remarkable $737 million inflow during Friday's session alone flipped the weekly total positive. This sharp reversal underscores a resilient "buy-the-dip" mentality among institutional investors.
Bitcoin and Ethereum Diverge on Daily Basis
While the weekly view shows broad strength, daily flow data reveals a more nuanced picture. U.S. spot Bitcoin ETFs recorded net outflows on consecutive days during the week, including a $145.7 million withdrawal on May 8, as some investors took profits. However, spot Ethereum ETFs remained in positive territory during the same period, recording $3.6 million in net inflows. This divergence suggests some institutional investors may be tactically rotating capital or increasing exposure to Ethereum-linked products tied to the network's recent Pectra upgrade and tokenization trends.
Wall Street Integration Deepens
The consistent demand for regulated crypto products is further evidenced by the strong performance of recent market entrants. Morgan Stanley's new spot Bitcoin ETF, for example, has attracted nearly $194 million since its April debut without a single day of net outflows. This successful integration of crypto into traditional brokerage platforms like E*TRADE is lowering the barrier for entry and making digital assets a more accessible component of mainstream investment portfolios, a structural shift that could continue to fuel inflows.
This article is for informational purposes only and does not constitute investment advice.