Despite significant price drops in Bitcoin and Ethereum last week, cryptocurrency investment products witnessed strong inflows, signalling persistent investor interest in the sector. According to CoinShares’ latest report, global crypto exchange-traded products (ETPs) recorded $1.24 billion in inflows for the week ending Friday, pushing year-to-date (YTD) inflows to a record $15.1 billion.
This robust performance comes amid broader market uncertainty, including fears related to US involvement in the Iran conflict and a shift in market sentiment as measured by the Crypto Fear & Greed Index.
Bitcoin Leads with $1.1B Inflows Despite Price Slide
Bitcoin ETPs dominated the inflow charts for the second consecutive week, attracting $1.1 billion even as the BTC spot price fell from around $108,800 on June 16 to roughly $103,000 by the end of the week.
Crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinShares
CoinShares head of research James Butterfill noted this as a sign of “buying the dip,” highlighting investor confidence despite price volatility. Supporting this view, short-Bitcoin products saw minor outflows of $1.4 million, suggesting that investors are not betting on further decline.
Meanwhile, total assets under management (AUM) in crypto ETPs slightly decreased from $179 billion to $176.3 billion due to the market pullback.
Ether Marks Ninth Straight Week of Inflows
Ethereum ETPs also maintained strong momentum, posting $124 million in inflows last week, marking the ninth consecutive week of positive movement. The total inflows during this period have now reached $2.2 billion, reflecting the longest inflow streak for Ether since mid-2021.
The sustained interest comes despite Ether also experiencing price drops, with Butterfill noting that “robust investor sentiment” continues to support Ethereum’s outlook, likely driven by optimism around future network upgrades and ETF interest.
BlackRock Dominates with Record ETF Inflows
Investment giant BlackRock continued its rapid accumulation of Bitcoin, contributing $1.3 billion in inflows through its iShares Bitcoin ETFs alone. As of June 20, BlackRock holds more than 3% of the total BTC supply, underlining its growing influence in the crypto market.
Crypto ETP flows by issuer as of June 20, 2025 (in millions of US dollars). Source: CoinShares
This influx has helped push overall crypto ETF inflows past $15.5 billion for the year. Other issuers saw mixed results: ProShares and Bitwise brought in $77 million and $33 million respectively, while ARK Invest and Fidelity posted outflows of $188 million and $62 million.
Sentiment Shifts as Geopolitical Tensions Rise
Though inflows remained strong, market sentiment showed signs of cooling in the second half of the week. CoinShares cited two main factors: the US Juneteenth market holiday and rising geopolitical concerns following reports of potential US involvement in conflict with Iran.
The Crypto Fear & Greed Index reflected this shift, briefly dipping into “Fear” territory on Sunday after maintaining a “Greed” rating for nearly a month. By Monday, sentiment stabilised at “Neutral,” indicating market participants are cautiously optimistic but sensitive to external triggers.
Institutions Still Bullish, But Caution Persists
The continued strength in crypto ETP inflows, particularly from institutional players like BlackRock, indicates that long-term confidence in the digital asset market remains intact. Investors appear to be strategically allocating capital even during price dips and uncertain geopolitical climates.
However, the pullback in the Fear & Greed Index and minor outflows from key ETF providers suggest that some investors are growing more cautious. Going forward, market sentiment will likely be influenced by both macroeconomic developments and further ETF performance.
Despite headwinds, the crypto investment landscape remains resilient with strong inflows serving as a vote of confidence from long-term believers in the asset class.
