Ethereum leads $286 million weekly crypto fund inflows with strongest run since 2024: CoinShares
Crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares registered $286 million worth of net inflows globally last week, according to CoinShares data — with a strong performance from Ethereum-based funds overcoming bitcoin product outflows.It marks the seventh consecutive week of gains, now totaling $10.9 billion. "Despite this, total assets under management declined from the all-time high of $187 billion to $177 billion by the weekend, as prices softened amid market volatility triggered by uncertainty over U.S. tariffs," CoinShares Head of Research James Butterfill wrote in a Monday report.Weekly crypto asset flows. Images: CoinShares.Ethereum surges, Bitcoin pausesGlobal Ethereum investment products led the pack, adding another $321 million to a six-week streak totaling $1.2 billion — their strongest run since December 2024 — amid a "decisive improvement in sentiment," Butterfill said.U.S. spot Ethereum exchange-traded funds accounted for $285.8 million of the weekly inflows, according to data compiled by The Block.Although the week had begun strongly for the usually dominant Bitcoin-based funds, a midweek reversal following a court decision to declare U.S. tariffs illegal saw them slump to $8 million in net outflows by Friday, ending a $9.6 billion six-week run, Butterfill added.Inflows from funds based in other countries were overwhelmed by $144.8 million in net outflows from the U.S. spot Bitcoin ETFs as IBIT's impressive 34-day, $9.4 billion streak came to an end.Meanwhile, XRP-based investment products witnessed a second week of net outflows totaling $28.2 million, Butterfill noted.ETH fell 2.7% to $2,488 over the past week, according to The Block's Ethereum Price page, while BTC dropped 4% and the GMCI 30 index of leading cryptocurrencies dropped 6%. Regionally, investor focus also shifted away slightly from the dominant U.S. market, though it still led with $199 million worth of net inflows. Hong Kong saw its best post-seed net weekly inflows since its exchange-traded products launched in April 2024, adding $54.8 million. Crypto funds in Germany and Australia also witnessed $42.9 million and $21.5 million in net inflows, respectively. However, Switzerland-based products saw the worst net weekly outflows of $32.8 million.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.