Bitcoin and Ethereum ETF make a strong comeback, with an inflow of 3.4 billion dollars in a single week.

Author: André Beganski

Compiled by: Shenchao TechFlow

Brief overview

According to research by CoinShares, investors poured $3.4 billion into digital asset investment products last week.

In the previous week, the capital inflow since the beginning of the year was only 171 million USD, following a prolonged period of capital outflow.

Bitcoin accounted for 93% of the capital inflow last week.

According to a report by crypto asset management firm CoinShares, investors poured $3.4 billion into digital asset investment products last week, buying up shares of spot Bitcoin exchange-traded funds (ETFs) as the turmoil caused by tariffs gradually subsided.

This is the third-best performing week in the history of crypto funds, including those tracking popular altcoins such as Ethereum, Solana, and XRP. The previous week saw a year-to-date inflow of only $171 million, following a period of sustained outflows.

"We have now reached $3.5 billion, recovering from a state close to zero," said CoinShares research head James Butterfill to Decrypt, "I think this is cautiously optimistic."

Last week, Bitcoin first broke through $95,000, accounting for 93% of the capital inflow since U.S. President Trump announced "reciprocal" tariffs, followed by Ethereum and XRP, which attracted $183 million and $31 million, respectively.

Despite the fact that crypto funds are experiencing a rebound that is one of the best weeks in history, Butterfill stated that the inflows so far this year have reached $7.4 billion, indicating that at least another week of strong inflows is needed to fully get the adoption trend back on track.

Through what is known as basis trading, institutions can take advantage of the difference between the spot price of an asset and the futures market price. Butterfill points out that institutional participation in Bitcoin has increased, but recently it has only been a moderate growth.

As asset trading prices are far higher than the levels on April 2, when Trump threatened to impose tariffs on most countries, it seems that institutional investors are taking a back seat while retail investors continue to push for allocations, Butterfill added.

Last year, cryptocurrency funds attracted $29 billion, mainly due to the historic performance driven by the approval of spot Bitcoin ETFs in the United States. However, with Trump's tariffs sparking uncertainty about the global economic outlook, it remains uncertain whether the rapid growth momentum of last year can be sustained.

Butterfill stated that when institutional investment managers submit the next round of 13F filings in mid-May, the public will have a clearer understanding of Wall Street's positions, as these filings will make their recent investment activities and holdings more transparent.