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US: Crypto ETFs Hit Fresh Record Highs

The current euphoria around Bitcoin, Ethereum and other cryptocurrencies is now visible in inflows to crypto funds.

By Mike Hesp
• 2 min read
US: Crypto ETFs Hit Fresh Record Highs

The current euphoria around Bitcoin, Ethereum and other cryptocurrencies is now visible in the inflow into crypto funds.

Crypto investment funds from major US asset managers like BlackRock, Bitwise, Fidelity, and others booked global net inflows of $882 million in the past week.

This is the fourth week in a row of growth, with net inflows since the start of the year now at $6.7 billion. That brings it close to the February high of $7.3 billion. James Butterfill, Head of Research at CoinShares, writes in a Monday report.

“We believe the sharp rise in both prices and inflows is driven by a mix of factors: a global uptick in the M2 money supply, stagflation risks in the US, and several US states approving Bitcoin as a strategic reserve asset,” he said.

Bitcoin dominated inflows and drew a global $867 million in the past week. A new milestone was also reached: since their January 2024 launch, ETFs listed in the US have registered a cumulative net inflow of $62.9 billion. This topped the previous record of $61.6 billion.

Despite Ethereum’s strong price rally, inflows there remained relatively modest, with only $1.5 million last week. This was due to substantial outflows from US Ethereum ETFs.

Notably, the development of Sui stood out, posting inflows of $11.7 million, surpassing Solana, which saw outflows of $3.4 million. Since the start of the year, Sui has attracted a total of $84 million, overtaking Solana ($76 million).

The crypto market is currently benefiting from the easing of the trade dispute sparked by the Trump administration. China and the US have also reached an agreement to drastically lower mutual tariffs.

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