Investor sentiment rebounds sharply as digital asset products record strong gains following tariff pause.
The crypto investment landscape has shifted dramatically, with digital asset products attracting a net inflow of $2.02 billion last week, according to data from CoinShares. This marks the third consecutive week of positive flows, pushing the three-week total to $5.5 billion.
The shift comes after a rocky period of outflows from late March to mid-April, largely driven by geopolitical tensions surrounding global tariffs. However, former U.S. President Donald Trump’s decision to pause reciprocal tariffs for 90 days appears to have revitalised investor confidence. The result has been a sustained inflow into crypto investment vehicles, reversing the prior trend.
Bitcoin at the Helm with $1.84 Billion Inflow
Bitcoin continues to lead the charge in digital asset investments. The top cryptocurrency alone attracted $1.84 billion in net inflows last week, accounting for the lion’s share of the total. This brings Bitcoin’s year-to-date inflows to $5.57 billion and its assets under management (AUM) to a massive $136.46 billion.
Ethereum also showed signs of strength, pulling in $149 million in the same period. This marks its second straight week of positive flows, lifting its month-to-date and year-to-date totals to $36 million and $551 million, respectively. Ethereum’s investment products now hold a combined AUM of $9.58 billion.
Among altcoins, XRP ($10.49 million), Solana ($6.03 million), and Cardano ($1.16 million) saw modest inflows. Notably, Short Bitcoin products also attracted $6.4 million, indicating some investors remain cautious.
U.S. Leads the Charge in Regional Flows
Geographically, the United States emerged as the epicentre of investment activity. U.S.-based products recorded $1.92 billion in inflows last week, bringing the country’s total crypto AUM to $120.13 billion.
Other regions, though smaller in volume, also recorded gains. Germany ($47.2 million), Switzerland ($34.2 million), and Canada ($20.1 million) all reported healthy inflows. Hong Kong and Australia saw modest additions, while Sweden and Brazil posted minor outflows of $500,000 and $200,000, respectively.
ETF Battle: BlackRock Surges, Grayscale and Ark See Red
Competition among asset managers also intensified. BlackRock emerged as a clear winner, with its spot Bitcoin and Ethereum ETFs pulling in a combined $2.56 billion in the last seven days.
Meanwhile, Grayscale faced continued pressure, seeing outflows of $58.6 million from its Bitcoin ETF and $26.2 million from its Ethereum offering. Ark 21Shares and Fidelity also saw significant withdrawals, with their Bitcoin ETFs shedding $457.6 million and $201.1 million, respectively.
