Crypto investment products have shown remarkable resilience, with exchange-traded products (ETPs) recording a significant $1.06 billion in inflows last week, according to CoinShares. This marks the third consecutive week of positive flows, totaling $2.7 billion, and bringing net inflows to around $1.2 billion year-to-date.
Bitcoin ETPs Dominating the Market
Bitcoin (BTC) ETPs led the charge, attracting $793 million in new funds, while Ethereum (ETH) ETPs saw a strong $315.3 million in inflows. Despite these gains, Ethereum funds remain slightly in the red for the year, with about $23 million in outflows. James Butterfill, CoinShares’ head of research, noted that the recent momentum underscores the role of Bitcoin as a “relative safe haven” in volatile markets.
Geopolitical Tensions and Digital Assets
Since the onset of the Iran crisis, total assets under management (AuM) in digital asset ETPs have risen by 9.4% to nearly $140 billion. The launch of new staking ETFs in the U.S. has also contributed to the positive momentum, bringing Ethereum ETP flows close to a net neutral position.
Diverse Market Dynamics
While Bitcoin and Ethereum have seen substantial inflows, other cryptocurrencies have experienced mixed results. XRP (XRP) suffered its second consecutive week of outflows, totaling $76 million, while Solana (SOL) saw a modest $9.1 million in inflows. Short-Bitcoin products recorded inflows of $8.1 million, indicating a somewhat polarized market sentiment.
Spot Bitcoin ETFs Show Promising Trends
The majority of Bitcoin fund inflows were driven by U.S. spot Bitcoin ETFs, which recorded their first five-day inflow streak of 2026, attracting $767.3 million in new funds last week. Despite this positive trend, U.S. spot Bitcoin ETFs remain in negative territory for the year, with approximately $493 million in net outflows year-to-date.
Looking Forward
The coming week will be crucial for U.S. spot Bitcoin ETFs, as they aim to turn positive for 2026 after $1.8 billion in outflows in January and February, partially offset by $1.34 billion in inflows in March. The resilience of crypto investment products, especially Bitcoin, suggests a growing institutional interest and a potential shift in market dynamics. As geopolitical tensions continue to impact traditional markets, the role of digital assets as a safe haven is becoming increasingly evident.
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