Global Crypto ETPs Extend Inflow Streak to Five Weeks, Topping $4 Billion

CoinShares reported that global cryptoasset exchange-traded products (ETPs) saw net inflows of $1.178 billion last week, marking a fifth straight week of inflows. Cumulative inflows over the past five weeks exceeded $4 billion, with total assets under management around $155 billion. Flows were uneven through the week. The report said products recorded combined net outflows of $619 million from Monday through Thursday, before a singleday surge of $737 million on Friday flipped the week back to a net inflow, pointing to a late-week rebound in risk appetite. By region, U.S. inflows slowed sharply to $47.5 million from $1.1 billion the prior week. Germany and Canada posted inflows of $43.8 million and $16 million, while European flows remained relatively steady. By asset, Bitcoin-linked products led with $192.1 million of inflows, including about $162.8 million from U.S. spot ETFs. Ethereum-linked products saw net outflows of $81.6 million. Analysts noted the number of participating assets fell from nine to four, signaling weaker sentiment during the week before a recovery.