Crypto ETP Inflows Hit $864 Million Amid Mixed Signals

Inflows into crypto-linked exchange-traded products totaled US$864 million last week, making it the third consecutive week of positive flows. This sustained activity suggests a bedrock of cautious optimism is forming among institutional investors. The market’s reaction has been muted even after the US Federal Reserve’s interest rate reduction, with sentiment and flows appearing patchy afterward.

The US dominated regional flows, attracting US$796 million. Germany and Canada followed with inflows of US$68.6 million and US$26.8 million, respectively. These three markets have been pivotal in 2025, constituting 98.6% of all year-to-date inflows into digital asset investment products.

Bitcoin was the primary beneficiary with US$522 million in inflows, and the persistence of outflows from short Bitcoin products (US$1.8 million) points to recovering confidence. However, Bitcoin’s YTD inflow of US$27.7 billion still trails the US$41 billion seen in 2024.

Ethereum recorded substantial inflows of US$338 million last week, raising its YTD total to US$13.3 billion—a 148% jump from the previous year. Solana’s YTD inflows, at US$3.5 billion, are ten times higher than 2024’s total. Last week also saw Aave and Chainlink attract US$5.9 million and US$4.1 million, while Hyperliquid faced outflows of US$14.1 million.