Cryptocurrency investment products continued their run of inflows last week as Bitcoin traded at its highest levels since early February.
Crypto exchange-traded products (ETPs) recorded $1.2 billion in inflows last week, marking their fourth consecutive week of gains, according to a report published Monday by CoinShares.
The inflow streak is the largest so far this year, with the four-week total reaching approximately $3.9 billion — surpassing the previous four-week run of $2.9 billion recorded in March.
Total assets under management rose to $155 billion, the highest level since February 1, supported by Bitcoin trading above $76,000 for the first time since its February correction. CoinShares head of research James Butterfill said the growth in crypto ETPs likely reflects improving institutional demand against the backdrop of a Bitcoin surge.
"The market now turns to the FOMC decision on April 28–29, which is likely contributing to caution at the margin," Butterfill added.
Bitcoin Leads Inflows as Most Assets See Gains
Bitcoin led last week's ETP inflows, drawing $932.5 million and lifting year-to-date flows to $4 billion. A large share of these inflows came from US-listed spot Bitcoin exchange-traded funds, which recorded approximately $824 million in inflows last week, according to data from SoSoValue.
Ether ETPs ranked second with $192 million in inflows, marking the third consecutive week of gains above $190 million, with year-to-date inflows now standing at $390 million.
XRP funds returned to inflows after recording $56 million in outflows the previous week.
Despite the positive overall trend, short-Bitcoin products also recorded modest inflows of $16.5 million — broadly in line with the prior month's average — suggesting persistent but not elevated hedging demand, Butterfill noted.
Blockchain Equity ETFs Hit Record Weekly Inflows
Butterfill also highlighted that blockchain equity ETFs recorded a record week of inflows. These ETFs have seen $617 million in inflows over the past three weeks, pointing to rising demand for exposure to the broader technology and digital asset sector.
Regionally, the United States dominated with $1.1 billion of inflows. Germany saw around $62 million — more than double the prior week — while Switzerland reversed last week's $138 million in outflows with $35 million of inflows.
Why it matters
The four-week inflow streak of $3.9 billion exceeding the previous best of $2.9 billion suggests institutional re-engagement is broadening, not just a single-week spike — a structural signal rather than a one-off event.
Ether ETPs posting three consecutive weeks above $190 million in inflows indicates sustained demand for non-Bitcoin crypto exposure, which is distinct from the Bitcoin-driven narrative that dominated earlier in the year.
The record weekly inflows into blockchain equity ETFs signal that some investors are seeking indirect exposure to the digital asset sector through regulated equity vehicles, separate from direct crypto ETP allocations.
