CoinShares reported that digital asset investment products saw approximately $785 million of net inflows in the week ending 19 May 2025, marking the fifth consecutive week of positive flows into crypto ETPs and funds. Year-to-date inflows reached about $7.5 billion, surpassing the previous peak of $7.2 billion set in early February and fully offsetting the nearly $7 billion of outflows recorded during the February–March correction. Regionally, inflows were led by the United States, Germany, and Hong Kong, while Sweden, Canada, and Brazil registered net outflows, underscoring a split in sentiment across jurisdictions. By asset, Bitcoin remained the largest beneficiary with about $557 million in weekly inflows, although this was a slowdown compared with the prior week, which CoinShares links to continued hawkish messaging from the U.S. Federal Reserve. Ethereum was the standout, drawing roughly $205 million in inflows for the week and $575 million year-to-date, which CoinShares attributes to improving sentiment following the Pectra network upgrade and the appointment of Tomasz Stańczak as co‑executive director at the Ethereum Foundation. Short-bitcoin ETPs saw a fourth straight week of inflows at about $5.8 million, suggesting some investors are hedging or positioning for potential downside even as aggregate flows remain positive. Among altcoin ETPs, Solana was notable as the only major product to record outflows, with about $0.89 million leaving Solana-linked funds. The broader pattern points to a market where institutional and ETP investors are selectively rotating back into large-cap assets, especially Bitcoin and Ethereum, as macro conditions remain uncertain but crypto-specific narratives—such as Ethereum’s technical roadmap and governance changes—help support renewed demand. The combination of recovered YTD flows and persistent interest in both long and short products indicates an increasingly active institutional landscape rather than a unidirectional risk-on environment.

AI-generated background, compiled from web sources — not editorial content.

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