Crypto Investment Products Bounce Back With $3.3B in Weekly Inflows

Global crypto products bounced back strongly last week, ending a streak of withdrawals and showing that investors are regaining confidence. According to CoinShares’ latest data, digital asset investment products attracted $3.3 billion in net inflows. This sharp rebound followed the prior week’s $352 million in outflows.

Weaker U.S. Data Fuels Rate-Cut Bets and Crypto Fund Surge

Investor confidence was lifted by weaker-than-expected U.S. economic data, which shifted expectations for interest rates. 

Traders are now fully pricing in three rate cuts before the end of the year. The shift in sentiment pushed Bitcoin (BTC) up by about 2.5% and Ethereum (ETH) by roughly 5% during the week. However, Bitcoin’s price is currently struggling due to whales’ intense selling pressure. 

Furthermore, the wave of inflows and the price recovery raised total assets under management (AuM) in crypto funds to $239 billion. 

This is just shy of the all-time high of $244 billion reached in early August. CoinShares Head of Research James Butterfill highlighted that U.S.-based funds dominated the move, drawing in $3.2 billion alone. 

Bitcoin, Ethereum, and Solana Funds Lead Global Crypto Products Surge

This heavy inflow is not limited to only one region; other regions also reported gains. Germany saw $160.2 million in inflows, Canada $14.1 million, and Hong Kong $5.4 million. Switzerland stood out as the only major market to record losses, shedding $92.1 million.

Bitcoin-linked funds were the clear winners, pulling in $2.4 billion in net inflows, the largest since July. Notably, U.S. spot Bitcoin exchange-traded funds (ETFs) accounted for $2.3 billion of that amount. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting just over $1 billion on its own. Short Bitcoin products, which profit when prices fall, saw modest outflows as sentiment turned positive.

Ethereum funds also enjoyed a shift in momentum after eight straight days of outflows, pulling in $646M last week, mostly from U.S. spot Ethereum ETFs. Solana also set a record with $145M in a single day on Friday. For the week, Solana funds totaled $198 million in new money.

CoinShares Plans Nasdaq Listing in $1.2B Deal

At the same time as crypto funds saw big inflows, CoinShares said it will go public in the U.S. The company will merge with Vine Hill, a special purpose acquisition company, in a $1.2 billion deal that will put it on the Nasdaq.

This step highlights the rising role of big investors in digital assets. Many crypto firms are now seeking U.S. listings to raise more money and build trust with institutions. Rivals like Grayscale and Galaxy Digital have also gone public or expanded to attract traditional investors.

By announcing the deal during a surge in fund inflows, CoinShares is showing itself as a key player ready to benefit from growing demand.