Global crypto funds see $1.4 billion in weekly inflows as bitcoin rebound boosts risk appetite: CoinShares

Global crypto investment products issued by asset managers such as BlackRock, Bitwise, and 21Shares pulled in $1.4 billion worth of net inflows last week, extending a three-week positive streak as easing geopolitical nerves and bitcoin's push above $76,000 drew fresh money into the sector, according to CoinShares.

The weekly total was the strongest since January and topped the previous week's $1.1 billion, a sign of how quickly sentiment has turned after a softer stretch earlier this year.

James Butterfill, CoinShares’ head of research, said the move likely reflected stronger risk appetite around U.S.-Iran ceasefire extension talks, helped by bitcoin's midweek breakout to its highest level since the February crash. March CPI running at 3.3% year over year, with core CPI at 2.6%, also appeared to do little to unsettle investors, Butterfill added.

Assets under management rose to $154.8 billion, while week-on-week flows amounted to 0.9% of total AUM, the highest weekly intensity of the year so far. Month-to-date inflows reached $2.3 billion.

Bitcoin leads positive streak

Once again, products tracking bitcoin (BTC) prices were front and center for capital inflows. Bitcoin-based funds absorbed $1.12 billion over the week, taking year-to-date inflows to $3.08 billion.

CoinShares said the break above $76,000 carried technical weight after roughly two months of range-bound trading. Notably, short-bitcoin products still posted $1.4 million of inflows, which reflects that some hedging demand remains in place even as the broader tone has improved.

Ethereum-based funds attracted $328 million in net inflows, their best week since January. The streak extended ether (ETH) investment products' recent rebound, lifting year-to-date inflows to $197 million.

The improved sentiment shows in spot crypto prices. According to The Block's price page, bitcoin and ether are both up roughly 6% in the last week.

XRP-based funds, meanwhile, saw $56.2 million of outflows, and Solana-based funds shed $2.3 million in capital. Multi-asset products added $2.6 million, Sui-based products took in $2.2 million, and Chainlink-based funds brought in $5.3 million, per CoinShares data.

Demand clusters in the United States

Geographically, the U.S. maintained its position as the primary demand engine, accounting for $1.49 billion of weekly inflows. Germany-based funds added $28 million. Switzerland stood apart, recording $137.8 million of outflows, its largest weekly withdrawal since November and a sharp contrast with the broader risk-on backdrop.

Among providers, BlackRock's iShares products led the field with over $1 billion in weekly inflows. Bitwise followed with $122 million, while funds from ARK 21Shares brought in around $106 million.