Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week

Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing ceasefire negotiations between Russia and Ukraine

A new report from digital asset manager CoinShares has revealed that US-based crypto investment products managed to attract an impressive year-to-date total of over $7.5 billion in 2025.

Breaking down the latest figures, CoinShares highlighted that the latest week saw a fifth round of net positive inflows into US crypto funds, highlighting a strong recovery in investor appetite for risk assets such as cryptocurrencies.

The latest figures come as the White House announced a 90-day pause on additional tariffs, rolling back a 24% cut for both the US and China in May 12.

Coinbase exchange saw 9,739 Bitcoin withdrawn from the exchange, which is the highest net outflow recorded in 2025. According to Bitwise’s head of European research, André Dragosch, this signals that institutional appetite is accelerating.

After nearly $7 billion in outflows during February and March, driven by the banking crisis and the emerging threat of a US default, the US saw a net outflow of over $4 billion in the first quarter of 2025.

However, investor demand for risk assets staged a significant recovery in April and May, particularly following the announcement of a 90-day pause on additional tariffs.

The latest figures mark the fifth consecutive week of net positive flows into US-based crypto funds, continuing a trend that began in late March with a week of outflows, followed by a week of inflows, and then another week of outflows.

The United States accounted for the bulk of inflows, with $681 million, followed by Germany at $86.3 million and Hong Kong at $24.4 million.

Among individual cryptocurrencies, Bitcoin saw outflows for a second week, totaling $10 million, while Solana saw inflows of $3.3 million.

Overall, the report indicates a shift in investor preference towards cryptocurrencies as a viable asset class, especially amid concerns over fiat currency devaluation and the search for yield in a low-interest-rate environment.