CoinShares Reports $1.24B in Weekly Crypto Inflows, Marking 10 Straight Weeks of Gains

Crypto asset investment products have continued to attract institutional capital for a tenth consecutive week, with CoinShares reporting $1.24 billion in net inflows during the most recent seven-day period.

This sustained trend has now driven total year-to-date (YTD) inflows to $15.1 billion, marking a significant milestone for the sector amid fluctuating market conditions.

The weekly CoinShares report, released earlier today, noted that the strong inflow momentum earlier in the week began to taper toward the end, a development attributed to the US Juneteenth holiday and geopolitical concerns involving US tensions with Iran.

Despite the slight cooldown, the data shows a broad pattern of ongoing institutional engagement in digital asset markets, led by continued interest in Bitcoin and Ethereum-related products.

Bitcoin and Ethereum Continue to Lead Institutional Demand

According to the breakdown, Bitcoin-focused investment products received $1.1 billion in net inflows for the week, marking the second straight week of significant capital entering BTC-related funds.

This occurred despite a broader price correction in the asset, a pattern CoinShares interprets as indicative of investors viewing the dip as a buying opportunity. Supporting this sentiment, short Bitcoin products recorded outflows of $1.4 million, suggesting a decrease in bearish positioning.

Ethereum also maintained its strong performance, with inflows of $124 million marking the ninth consecutive week of positive sentiment for the asset. Cumulatively, this has brought inflows over the nine-week stretch to $2.2 billion, its longest sustained run of institutional buying since mid-2021.

Ethereum’s inflow streak comes amid heightened interest in the network’s staking ecosystem and optimism surrounding future protocol upgrades.

Beyond the two leading digital assets, modest inflows were also recorded in other altcoins. Solana funds saw $2.78 million in inflows, while XRP-based products attracted $2.69 million.

Though smaller in magnitude, these figures point to continued interest in diversified exposure beyond Bitcoin and Ethereum, particularly in assets with strong infrastructure use cases.

Regional Trends Reflect Diverging Global Sentiment

On a geographic basis, the US market once again led in volume, with $1.25 billion of the total inflow attributed to American investors. Canada and Germany also recorded net inflows, with $20.9 million and $10.9 million respectively.

In contrast, Hong Kong and Switzerland experienced outflows of $32.6 million and $7.7 million, highlighting a degree of regional divergence in sentiment and positioning.

CoinShares Head of Research James Butterfill commented that while US inflows remain dominant, the week’s slowdown in the latter half may reflect broader market hesitance tied to holidays and geopolitical events.

Despite this, the aggregate YTD figure of $15.1 billion reflects growing institutional comfort with digital asset investment vehicles. The continued inflows come amid evolving regulatory discussions across major markets, including potential approvals for new digital asset products and tax incentives for investors.

Featured image created with DALL-E, Chart form TradingView