Crypto Investment Products Rally, Recovering From Early-Year Losses
Last week, crypto investment products saw a strong inflow of $785 million, pushing the total year-to-date inflows to $7.5 billion — a full rebound from the nearly $7 billion that investors pulled out during the market dip in February and March, according to CoinShares’ latest data.
The recovery was driven primarily by U.S. investors, who accounted for $681 million of last week’s inflows. Germany followed with $86.3 million, while Hong Kong experienced its biggest weekly inflow since November 2024, adding $24.2 million.
Bitcoin products led the charge with $557 million in inflows, although this was a slight pullback from the previous week’s figures. Investor appetite for bitcoin remains resilient, especially in U.S.-listed spot ETFs. These funds have rebounded strongly after sharp outflows earlier this year, drawing nearly $3 billion in April alone and $2.64 billion so far in May, according to SoSoValue.
Short bitcoin products also attracted fresh capital for the fourth week running, indicating that some investors are maintaining a cautious stance amid ongoing Federal Reserve hawkishness.
Ether products also showed significant momentum, attracting $205 million in inflows — the highest since March — buoyed by optimism following the successful Pectra upgrade.
Solana was the only major crypto product to experience outflows last week, losing just under $1 million.
