Crypto ETPs log $716M inflows as AUM tops $180B

Digital asset investment products recorded $716 million of inflows last week, the second straight week of gains after a stretch of heavy outflows, according to CoinShares.

Total assets under management rose to above $180 billion, an 8% rebound from November lows, though still below the $264 billion all-time high reported by the firm.

Flows recover for a second week

CoinShares said the week’s inflows added to the prior week’s $1 billion, extending a tentative recovery in demand for exchange-traded crypto products.

Daily flow data showed “minor outflows on Thursday and Friday,” which the firm linked to US macro signals.

“Daily data highlighted minor outflows on Thursday and Friday in what we believe was a response to macroeconomic data in the US alluding to ongoing inflationary pressures,” said James Butterfill, head of research at CoinShares.

Bitcoin leads, shorts shrink

Bitcoin products drew $352 million, the largest share of weekly inflows, CoinShares reported.

Short-Bitcoin ETPs saw around $19 million in outflows, suggesting a softening in negative positioning.

Ether funds took in $39 million, a modest positive compared with Bitcoin-targeted flows.

XRP and Chainlink draw strong interest

XRP investment products posted $244 million of inflows last week.

According to CoinShares’ latest report, XRP’s year-to-date inflows total $3.1 billion, up sharply from $608 million in 2024.

Chainlink stood out with a record $52.8 million of inflows, equal to 54% of its assets under management.

CoinShares noted that interest in Chainlink tracks broader attention on tokenization and oracle infrastructure across blockchains.

Flows by issuer and region

Among issuers, ProShares led with $210 million of inflows. BlackRock, the largest issuer by AUM, recorded $105 million in outflows, while ARK and Grayscale saw outflows of $78 million and $7 million, respectively.

Geographically, inflows were broadly distributed. The United States led with $483 million, followed by Germany at $97 million and Canada at $80.7 million.

Sweden posted $5.6 million of outflows for the week, bringing its year-to-date outflows to $836 million, the largest globally, according to CoinShares.

What the moves signal

Despite late-week jitters tied to US inflation data, the two-week streak of inflows points to renewed risk appetite through regulated products.

The rise in AUM to above $180 billion shows a measurable recovery from November, even if the market remains below peak levels.

Leadership from Bitcoin and strength in XRP and Chainlink suggest investors are broadening exposure beyond the largest assets while trimming short positions.

Overall, the data indicates improving sentiment across regions and issuers, with selective interest in themes like data connectivity and tokenised assets.

Whether the momentum can sustain will likely hinge on macro signals and continued engagement from US investors and major issuers.