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Global cryptocurrency exchange-traded products (ETPs) have witnessed a significant resurgence, pulling in their third-largest weekly inflows on record, according to a recent report by CoinShares. During the trading week of April 21–25, a substantial $3.4 billion flowed into these digital asset investment vehicles, marking the highest level of investment since December 2024. This impressive figure sits just 13% shy of the all-time high of $3.85 billion recorded in the week of December 2–6, 2024.
Bitcoin ETFs Lead the Charge as Price Consolidates Above $90,000
The renewed investor appetite for crypto ETPs coincided with Bitcoin’s (BTC) strong performance, breaking back above the $90,000 mark last week for the first time since a brief retest in early March. Bitcoin-based ETPs were the primary beneficiaries of this renewed interest, attracting a remarkable $3.18 billion in inflows. This influx effectively offset all previous outflows seen since the beginning of April, pushing year-to-date (YTD) inflows for Bitcoin ETPs to $3.7 billion. Consequently, Bitcoin ETPs now boast assets under management (AUM) of $132 billion, contributing to a total AUM for all crypto ETPs that has surged to $151.6 billion.
Broad Bullish Sentiment Across Altcoins, Except Solana
The positive sentiment extended across the majority of crypto ETPs, with Ether (ETH) notably breaking an eight-week streak of outflows by registering $183 million in inflows. Other altcoins experiencing significant investment included Sui (SUI) and XRP, which saw inflows of $20.7 million and $31.6 million, respectively. Interestingly, Solana (SOL) was the only outlier, with its investment products experiencing $5.7 million in outflows during the week. The healthy inflows were distributed across all major ETP issuers, both in the United States and Europe. BlackRock’s iShares ETFs recorded the largest inflows at $1.5 billion, followed by ARK and Fidelity with $621 million and $574 million, respectively.
Factors Driving the Surge in Crypto ETP Investment
According to CoinShares analyst James Butterfill, the recent surge in crypto ETP inflows likely stems from growing concerns surrounding the potential impact of tariffs on corporate earnings, coupled with a noticeable weakening of the US dollar. These macroeconomic factors appear to be bolstering demand for assets perceived as safe havens. Furthermore, the inflows occurred as gold prices experienced a decline after reaching new highs, potentially leading investors to explore alternative investment avenues within the digital asset space. This significant reversal in trend follows a period where many issuers had been witnessing substantial YTD inflows, preceded by outflows earlier in 2025, highlighting the dynamic nature of investor sentiment in the cryptocurrency market.
Also Read: Bitcoin ETFs Bleed $722M Despite Price Surge to $82K
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
