Author: André Beganski
Translated by: TechFlow
Brief Overview
According to CoinShares' research, investors injected $3.4 billion into digital asset investment products last week.
The previous week, year-to-date capital inflows were only $171 million, following a period of continuous capital outflows.
Bitcoin accounted for 93% of last week's capital inflows.
According to a report by crypto asset management company CoinShares, investors poured $3.4 billion into digital asset investment products last week, snapping up shares of spot Bitcoin ETFs as the turmoil caused by tariffs gradually subsided.
This is the third-best performing week in crypto fund history, including funds tracking popular altcoins like Ethereum, Solana, and XRP. The previous week, year-to-date capital inflows were only $171 million, following a period of continuous capital outflows.
"We're now at $3.5 billion, recovering from a state close to zero," James Butterfill, head of research at CoinShares, told Decrypt. "I think this is cautiously optimistic."
Last week, Bitcoin broke through $95,000 for the first time, and since President Trump announced "reciprocal" tariffs, Bitcoin accounted for 93% of last week's capital inflows, followed by Ethereum and XRP, which attracted $183 million and $31 million respectively.
Despite the rebound of crypto funds experiencing one of their best weeks, Butterfill noted that this year's capital inflows have reached $7.4 billion, indicating that at least another week of strong capital inflows is needed to fully get the adoption trend back on track.
Through so-called basis trading, institutions can leverage the difference between spot asset prices and futures market prices. Butterfill pointed out that institutional participation in Bitcoin has increased, but has been only moderately growing recently.
As asset trading prices are far higher than levels on April 2nd—when Trump threatened tariffs on most countries—it appears that institutional investors are taking a back seat, while individual investors continue to push forward with allocations, Butterfill added.
Last year, crypto funds attracted $29 billion, mainly driven by the US approval of spot Bitcoin ETFs, which fueled this historic performance. However, with Trump's tariffs sparking uncertainty about global economic prospects, it remains uncertain whether last year's rapid growth momentum can be sustained.
Butterfill stated that when institutional investment managers submit their next round of 13F filings in mid-May, the public will have a clearer understanding of Wall Street's stance, which will make their recent investment activities and positions more transparent.
