Crypto investments product inflows have reversed $7B in outflows. | Credit: Ramsey Cardy/Sportsfile via Getty Images/
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Key Takeaways
Crypto investment product outflows exceeded $7 billion during the February/March BTC price correction.
U.S. spot Bitcoin ETFs command $122.67 billion in net assets, or 5.95% of BTC’s market cap.
Ethereum investment products recorded $205 million in net inflows last week.
Crypto investment products have now posted five straight weeks of inflows, fully erasing the $7 billion in outflows seen during the February–March correction.
Momentum appears to be building behind Bitcoin (BTC), driven by renewed demand for U.S. spot BTC exchange-traded funds (ETFs). Ethereum (ETH) products also saw a sharp uptick, nearly doubling their year-to-date inflows in a single week.
According to the latest CoinShares report, crypto investment products pulled in $785 million in net inflows last week, marking the fifth consecutive week of strong inflows.
The recent momentum has pushed year-to-date (YTD) inflows to approximately $7.5 billion, surpassing the previous February peak of $7.2 billion and fully reversing the $7 billion in outflows recorded between February and March.
Regionally, the U.S. led the recovery with $681 million in inflows, followed by Germany with $86.3 million and Hong Kong with $24.2 million, its largest weekly inflow since November 2024.
On the flip side, Sweden saw the largest outflows at $16.3 million, trailed by Canada ($13.5 million) and Brazil ($3.9 million).
Bitcoin (BTC) investment products remained the top draw, collecting $557 million last week, although that’s down from $867 million the week prior.
CoinShares attributes the slowdown to recent hawkish signals from the U.S. Federal Reserve. Short-Bitcoin funds saw a modest $5.8 million in inflows.
Ethereum (ETH) products had a standout week, attracting $205 million, nearly doubling their total YTD inflows to $575 million.
The surge may reflect renewed optimism around Ethereum’s Pectra upgrade and recent leadership changes at the Ethereum Foundation.
Among altcoins, Solana (SOL) was the only major ETP to see outflows, losing $890,000 over the week.
Bitcoin ETFs
As per data gathered by SoSoValue, Bitcoin ETFs pulled $603.74 million in weekly total net inflows as of May 16, 2025. This marks a fifth consecutive week of inflows, which now amount to just over $6 billion.
Bitcoin ETF weekly flows. | Source: SoSoValue.
As ever, flows were dominated by BlackRock’s iShare Bitcoin Trust (IBIT), which pulled over a billion in net inflows on its own last week.
IBIT has seen $45.55 billion in cumulative net inflows and commands $65.72 billion in net assets, representing more than half of the $122.76 billion in total net assets held by U.S. BTC ETFs.
Conversely, Grayscale’s Bitcoin Trust (GBTC) is the worst-performing fund by far.
Though it saw mostly neutral flows last week, its cumulative net outflows currently stand at $22.99 billion, with a dwindling portfolio of $19.55 billion in net assets.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
