Crypto investment products log over $1B in weekly inflows, lifting total AUM to record high of $188B: CoinShares

Crypto investment products pulled $1.04 billion in net inflows last week, lifting total assets under management to a record $188 billion and extending the current inflow streak to 12 weeks, CoinShares wrote in its latest report.

Inflows since the run began in April now total $18 billion, while weekly trading volumes held at $16.3 billion, in line with the 2025 average.

The United States continued to dominate investor appetite, accounting for $1 billion of last week’s inflows. Funds issued by BlackRock, Fidelity, and ARK 21Shares led the U.S. spot $BTC exchange-traded fund complex, The Block’s data dashboard shows.

Germany and Switzerland followed with $38.5 million and $33.7 million, respectively. Sentiment remained negative in Canada and Brazil, which logged outflows of $29.3 million and $9.7 million, respectively.

Bitcoin products recorded a fourth consecutive week of positive flows, attracting $790 million. However, the figure was down from the previous three-week average of $1.5 billion, which could be a sign of cooling demand as $BTC ticked toward a fresh peak, according to CoinShares Head of Research James Butterfill, noted on Monday. “The moderation in inflows suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels,” he stated.

Meanwhile, Ether notched a proportional outperformance relative to Bitcoin, Butter said. Ethereum-based funds saw their 11th consecutive week of inflows, adding $226 million. Over that stretch, weekly inflows have averaged 1.6% of assets under management, double Bitcoin’s 0.8%.

This likely indicates a steady shift toward the second-largest crypto asset, according to CoinShares’ Head of Research. Among smaller assets, Solana and XRP registered minor inflows, while multi-asset funds posted modest outflows.