Crypto ETF inflows top $1.2B for the week as Bitcoin products pull in $933M
Crypto exchange-traded products extended their run of inflows last week, attracting more than $1.2 billion in net new money, according to CoinShares. That pushes total inflows over the past four weeks to $4.6 billion, alongside a period of renewed strength in Bitcoin.
Assets under management across the crypto ETF/ETP segment climbed to $155 billion, the highest since Feb. 1. The figure remains below the prior cycle peak of $263 billion recorded in October 2015. Investors are also watching the April 2829 Federal Open Market Committee (FOMC) meeting, which could add near-term risk for the funds.
Regionally, the U.S. dominated with $1.1 billion of inflows. CoinShares said U.S. spot Bitcoin ETFs accounted for $823 million of that total last week. Germany followed with $61.7 million, more than double the prior week. Switzerland swung from $138 million in outflows to $35.2 million of inflows, while Canada added $15 million.
Bitcoin-focused products led by asset, drawing $933 million and lifting year-to-date inflows to $4 billion. Short-Bitcoin products took in $16.5 million, indicating ongoing but moderate hedging demand. Ethereum-based products also saw $192 million in inflows, marking a third consecutive week above $190 million despite muted price performance. Blockchain equity ETFs have logged $617 million in inflows over the past three weeks.
On the technical side, analyst Ted Pillows pointed to a developing divergence in Bitcoin. On the 4-hour chart, BTC remains in an upward channel with higher highs and higher lows, while the RSI is printing lower highs, suggesting weakening momentum even as institutional flows rise.
Pillows said Ethereum looks more fragile. ETH has repeatedly failed to hold above the $2,400 resistance area, building a broader resistance band. The token is trading below that ceiling, with key support seen between $2,200 and $2,250. Pillows expects that zone "might get retested before any bounceback."
