Digital asset investment products attracted $3.3 billion in inflows last week, marking the sixth consecutive week of gains.
According to CoinShares‘ latest weekly data, this brings total inflows over the past six weeks to $10.5 billion and year-to-date (YTD) flows to a record $10.8 billion.
CoinShares’ head of research, James Butterfill, noted that investor demand has pushed total assets under management in crypto exchange-traded products (ETPs) to briefly hit a record $187.5 billion.
He said:
“We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets.”
Bitcoin and Ethereum fuel the momentum
According to CoinShares, Bitcoin-backed products dominated market flows, pulling in $2.9 billion last week alone.
That figure represents a quarter of all inflows for 2025 so far and raises Bitcoin’s year-to-date total to $10.1 billion. Collectively, Bitcoin ETPs now manage close to $160 billion in assets.
The latest market rally also sparked renewed interest in shorting Bitcoin.
Butterfill stated that investment products betting against the price of BTC recorded $12.7 million in inflows, their highest since December 2024. This came as its price reached a new all-time high of over $111,000 last week.
Ethereum products also maintained strong momentum, registering $326 million in weekly inflows.
This marks ETH’s fifth week of gains, boosted by market optimism surrounding the Pectra upgrade, which went live earlier this month. This month, Ethereum-related investment funds have drawn net inflows of around $568 million.
XRP sees record outflows
While Bitcoin and Ethereum ETPs soared, XRP investment products experienced historic losses.
CoinShares data showed that XRP saw $37.2 million in outflows last week, the largest on record, snapping an 80-week streak of inflows. This came even as institutional participation grew, mainly due to XRP futures contracts launching on CME Group’s platform.
On the other hand, most altcoins saw modest activity. Solana products attracted $4.3 million in inflows, while Sui products recorded $2.3 million despite a DeFi exploit on its network.
