Crypto investment products continued their strong momentum last week, recording $1.04 billion in inflows, according to the latest CoinShares report.
This marks the 12th straight week of positive inflows, pushing the year-to-date total to $18 billion.
The surge was accompanied by increased trading activity, with weekly volumes rising to $16.3 billion. As a result, the broader market optimism helped lift total assets under management (AuM) across crypto funds to an all-time high of $188 billion.
Bitcoin dominates, but Ethereum shows growing strength
Bitcoin remained the top choice for institutional investors, pulling in $790 million in new capital last week. However, the figure reflects a slight slowdown compared to the $1.5 billion average in the previous three weeks.
James Butterfill, head of research at CoinShares, said the dip in momentum may signal increased caution as Bitcoin approaches its ATH. Short Bitcoin products recorded $400,000 in inflows, suggesting that bearish sentiment lingers among some investors anticipating a correction.
Ethereum continued its quiet ascent, marking its 11th consecutive week of inflows. Last week, the network attracted $226 million, bringing its yearly total to over $3 billion.
Butterfill noted that Ethereum products have now averaged inflows of 1.6% of total AUM, which is twice the rate of Bitcoin over the same period.
This shift in investor sentiment toward Ethereum is notable, especially as Bitwise Chief Investment Officer Matt Hougan predicted US-based spot Ethereum funds could see inflows of up to $10 billion in the second half of 2025.
He cited Ethereum’s utility in tokenizing real-world assets—ranging from stocks to stablecoins—as a key growth driver for the crypto.
Aside from Bitcoin and Ethereum, other altcoin-linked products also attracted fresh interest. Last week, investment funds linked to Solana took in $10.6 million, XRP products added $21.6 million, and Sui recorded $1.6 million in inflows. Together, crypto investment products linked to these three assets have brought in over $500 million in new capital this year.
Regionally, the US-dominated weekly inflows with $1 billion, while Germany and Switzerland followed with $38.5 million and $33.7 million, respectively.
In contrast, Canada and Brazil saw outflows of $29.3 million and $9.7 million, reflecting weaker sentiment in those markets.