Global cryptocurrency investment products attracted $1.4 billion of net inflows last week, their strongest weekly total since January, as bitcoin's push above $76,000 drew investors back into the asset class, CoinShares said.
The result extended a three-week positive run and topped the prior week's $1.1 billion, lifting year-to-date net inflows to approximately $3.8 billion.
Total assets under management across crypto exchange-traded products rose to $154.8 billion, with weekly flows representing about 0.9% of the total.
Bitcoin-focused products led the way with $1.12 billion of inflows, bringing year-to-date bitcoin allocations to $3.08 billion.
James Butterfill, CoinShares' head of research, attributed the move to stronger risk appetite around US-Iran ceasefire extension talks, helped by bitcoin's midweek breakout to its highest level since the February sell-off.
Ethereum-based funds attracted $328 million, their best week since January and enough to push ether products back into positive territory for the year with net inflows of $197 million.
Short-bitcoin products recorded a modest $1.4 million of inflows.
Not all digital assets benefited: XRP products saw $56 million of outflows, while Solana funds shed $2.3 million.
The United States accounted for $1.49 billion of weekly inflows, with Germany adding $28 million.
Switzerland was an outlier, recording $137.8 million of outflows, its largest weekly withdrawal since November.
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Among providers, BlackRock's iShares products led with more than $1 billion of inflows, followed by Bitwise with $122 million and ARK 21Shares with roughly $106 million.
Bitcoin and ether have both risen approximately 6% over the past week.
The recap
- Global cryptocurrency funds logged $1.4 billion in net inflows last week.
- Assets under management rose to $154.8 billion, CoinShares said.
- Month-to-date inflows reached $2.3 billion across crypto investment products.