Last week, crypto investment products continued to show strong momentum, demonstrating resilience against geopolitical pressures and further strengthening the argument for Bitcoin as a relative safe-haven asset.
This inflow marks three consecutive weeks of positive inflows, totaling $2.7 billion, bringing the year-to-date net inflow close to $1.2 billion.
James Butterfill, Head of Research at CoinShares, stated that the recent upward momentum highlights the resilience of digital assets, particularly Bitcoin, as a "relative safe-haven" choice compared to other asset classes.
Since the Iran crisis, the total assets under management (AuM) of digital asset exchange-traded products (ETPs) have increased by 9.4%, nearing $140 billion.
Ethereum ETP inflows are about to turn neutral, with new inflows amounting to $315 million.
Crypto ETP Inflows by Asset (in millions of dollars). Source: CoinShares
Short-term Bitcoin products also recorded an inflow of $810,000 last week, with Butterfill noting that market sentiment remains "somewhat polarized."
Spot Bitcoin ETFs recorded inflows for the first time over five days, but they are still down $500 million year-to-date.
Despite a total inflow of $2.1 billion over three consecutive weeks, these ETFs remain in negative growth this year, with a net outflow of approximately $493 million year-to-date.
Weekly Inflows of U.S. Spot Bitcoin ETFs Since January 2. Source: SoSoValue
This week will reveal whether U.S. spot Bitcoin ETFs can achieve positive growth by 2026, as the $1.8 billion outflow in January and February was offset by $1.34 billion in inflows in March.