Investment products tied to cryptocurrencies registered their third consecutive week of inflows, with Bitcoin emerging as the biggest winner.

Investment products tied to cryptocurrencies registered their third consecutive week of inflows, with Bitcoin emerging as the biggest winner, new data from CoinShares shows.

Crypto investment products saw another week of net inflows as they pulled in a total inflow of $2.02 billion last week. This brings the total inflows over the past three weeks to $5.5 billion.

The strong inflows highlight a major shift in investors’ sentiment over the past few weeks as they are now committing more funds to these investment products. For the three weeks prior to this shift, the market saw outflows.

CoinShares’ data shows that the crypto market had been facing headwinds from the global tariff war, which led to three consecutive weeks of outflows from late March to mid-April. But after Donald Trump announced a 90-day pause on reciprocal tariffs and investors’ confidence in crypto products soared.

Bitcoin (BTC) Reaps $1.84B Inflow

Last week, crypto investment products registered a net inflow of $2 billion, taking the YTD inflows to $5.6 billion and the total AUM to $156.34 billion by the end of last week.

Bitcoin reaped the biggest share of the inflows last week, with the flagship cryptocurrency pulling in an estimated inflow of $1.84 billion. This pushes Bitcoin’s YTD inflows to $5.57 billion and it now has an AUM of $136.46 billion.

Following closely was Ethereum, which saw a weekly inflow of $149 million, marking the second consecutive week of inflows for the second-largest cryptocurrency. Its MTD and YTD inflows now stand at $36 million and $551 million, respectively. The data also shows that the AUM across Ethereum investment products reached $9.58 billion.

Among other cryptocurrencies, XRP, Short Bitcoin, Solana and Cardano pulled in inflows of $10.49 million, $6.4 million, $6.03 million and $1.16 million, respectively. Multi-asset and Sui saw investments of $1.86 million and $300,000.

Regional Flows

In terms of regional flows, the United States saw the most inflows over the past week, as expected, with the country’s weekly inflows hitting $1.92 billion. As a result, the total AUM for U.S.-based crypto investment products spiked to $120.13 billion.

Germany, Switzerland, Canada, Hong Kong and Australia also saw positive flows of $47.2 million, $34.2 million, $20.1 million, $2.7 million and $1.9 million, respectively. However, Sweden and Brazil witnessed outflows of around $500,000 and $200,000, respectively.

Flows By Providers

The data also highlighted flows by providers over the past week, with BlackRock’s Bitcoin and Ethereum spot ETFs seeing a combined inflow of $2.56 billion in the past seven days.

Meanwhile, Grayscale’s Bitcoin and Ethereum ETFs registered outflows of $58.6 million and $26.2 million, respectively.

Ark 21Shares Bitcoin ETF and Fidelity Bitcoin ETF saw the largest outflows in the past week of around $457.6 million and $201.1 million, respectively.