Investor appetite for crypto products shows no signs of slowing, even as weekly inflows cool from April's massive surge.

According to a report from CoinShares, global crypto investment products attracted US$882M (AU$1.34B) in the past week, bringing year-to-date inflows to US$6.7B (AU$10.3B)

Investor appetite for crypto products shows no signs of slowing, even as weekly inflows cool from April’s massive surge. According to a report by CoinShares, global crypto investment products attracted an astonishing US$882M in the past week, bringing year-to-date inflows to US$6.7B—nearly reaching the US$7.3B record set in early February.

Remarkably, over the last four weeks alone, inflows hit US$6.3B, accounting for 93% of total 2025 activity.

Bitcoin Remains King

Among individual coins, Bitcoin pulled over US$860M last week and pushed US-listed Bitcoin ETFs to a new milestone: US$62.9B in net inflows since their January 2024 debut. That figure officially surpasses the previous high of US$61.6B set back in February.

The second-largest crypto by market cap, Ethereum, attracted just US$1.5M over the same period. But it was Sui that made the real noise among altcoins, drawing US$11.7M, more than both ETH and SOL, and lifting its year-to-date inflows to US$84M.

XRP picked up US$1.4M in weekly inflows, bringing its YTD total to US$258M and pushing its assets under management to US$1.35B. While most other altcoins showed minimal movement, investor interest remains clearly concentrated around a handful of names.

As usual, the lion’s share of capital went straight to BlackRock. Its iShares Bitcoin ETF alone pulled in US$1B last week, more than the entire industry combined, on paper. Since launch, iShares has now attracted US$8.1B in net inflows, eclipsing the broader sector’s cumulative 2025 total.

What’s Fueling the Capital Injection?

CoinShares mostly attributes the inflows to broader macroeconomic forces, starting with the expansion of global M2 money supply, which has injected significant liquidity into markets and prompted a search for harder assets.

According to CoinShares’ Head of Research, James Butterfill, another reason is that stagflation fears in the US (with inflation remaining sticky despite slowing growth, as per the latest CPI data) have pushed investors toward alternative assets like Bitcoin:

“With the latest CPI figures showing that inflation is proving sticky and consumer price rises are coming in above expectations, we anticipate that this may continue to drive investors toward recognized safe havens like Bitcoin in the upcoming period.”

Several US states have already approved Bitcoin as a strategic asset, starting with Arizona and New Hampshire, rendering the legal status of crypto a hot topic.