CoinShares: Crypto ETP Inflows Slow to $230M After Fed

TLDR

• CoinShares reported $230 million in crypto ETP inflows last week, extending the streak to four consecutive weeks.
• Bitcoin investment products led the market with $219.2 million in inflows during the reporting period.
• Ether products recorded $27.5 million in outflows, ending a three-week run of gains.
• Solana ETPs added $17 million, marking their seventh straight week of inflows.
• U.S.-listed Bitcoin ETFs brought in $95.2 million and extended their four-week streak of inflows.

Digital asset investment products extended their inflow streak last week, yet momentum weakened after the latest Federal Reserve meeting. CoinShares recorded $230 million in net additions to crypto exchange-traded products, far below the prior week’s $1.06 billion. The slowdown followed what researchers described as a “hawkish pause” from the Federal Open Market Committee.

Bitcoin Drives Crypto ETP Inflows as Ether Reverses Course

CoinShares reported that Bitcoin investment products attracted $219.2 million during the week. That total accounted for nearly all crypto ETP inflows across the broader market.

However, Ether products moved in the opposite direction during the same period. They posted $27.5 million in outflows and ended a three-week run of gains.

James Butterfill, head of research at CoinShares, linked the shift to the Federal Reserve meeting. He said the data reflected a “hawkish pause” reading from policymakers.

He added that early-week inflows appeared strong before flows turned negative after the decision. As a result, overall momentum weakened despite the extended streak.

CoinShares stated that crypto ETP inflows reached $1.4 billion year to date. Bitcoin-focused products contributed $1.2 billion of that total.

Total assets under management stood at $138 billion at the end of the reporting week. The firm published the figures in its weekly digital asset fund flows report.

Solana Extends Streak While US Spot Bitcoin ETFs Add $95.2 Million

Solana products continued their steady run of inflows during the week. They brought in $17 million and marked a seventh consecutive week of gains.

That streak lifted total inflows over seven weeks to $136 million. Chainlink funds also added $4.6 million, while Hyperliquid products gained $4.5 million.

In contrast, US spot Bitcoin ETFs recorded $95.2 million in inflows for the week. Data from SoSoValue showed that these funds extended their winning run to four weeks.

The four-week period generated $2.2 billion in total gains for US spot Bitcoin ETFs. Even so, the funds still reflected about $400 million in net outflows for the year.

US spot Ether ETFs also reversed direction during the week. They posted around $60 million in outflows and showed $599 million in outflows year to date.

CoinShares stated that $405 million in outflows followed the Federal Open Market Committee meeting. Butterfill said the intra-week pattern supported the “hawkish pause” interpretation.

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