Crypto asset investment products saw a notable return to positive sentiment last week, attracting $3.3 billion in inflows, according to a new report from CoinShares.
The renewed interest follows weaker-than-expected U.S. macroeconomic data, which may have prompted a shift toward risk assets like cryptocurrencies.
The inflows pushed total assets under management (AuM) across crypto investment products to $239 billion, just shy of the all-time high of $244 billion recorded in early August.
Bitcoin Leads the Charge with $2.4B
Expectedly, Bitcoin again led institutional interest, drawing in $2.4 billion in inflows, which is the highest weekly total since July. The strong rebound comes as sentiment around the world’s largest cryptocurrency turned decisively bullish.
Meanwhile, short-bitcoin products recorded modest outflows, signaling that bearish bets are fading. Their total AuM has now dropped to just $86 million.
For context, Bitcoin rebounded to $116,730 at the end of the week, helping other crypto assets soar. Meanwhile, Bitcoin’s price is currently in a retracement.
Ethereum Sees Reversal After Prolonged Outflows
Ethereum, which had experienced eight consecutive days of outflows, turned the tide with four straight days of positive inflows last week. The asset recorded $646 million in total weekly inflows, indicating renewed investor confidence.
The shift may reflect optimism around Ethereum’s long-term network upgrades and institutional positioning.
However, the month-to-date netflows for Ethereum remain negative at $265.2 million.
Solana Posts Record Single-Day Inflow
Meanwhile, Solana was the standout among altcoins, registering a record $145 million single-day inflow on Friday, contributing to a weekly total of $198 million. The move shows increasing institutional appetite for SOL as it continues to outperform many of its Layer 1 competitors.
Other altcoin products that saw inflows include XRP, SUI, Cardano, Cronos, and Chainlink. In contrast, altcoins such as Aave and Avalanche saw minor outflows of $1.08 million and $0.66 million, respectively.
Regional Breakdown
Geographically, the United States dominated flows with $3.2 billion in weekly inflows, accounting for the lion’s share of the global total.
Germany followed with $160 million, notably achieving its second-largest daily inflow on record on Friday. However, gains in the region were partially offset by $92 million in outflows from Switzerland.
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