Cryptocurrency investment products are riding a wave of investor enthusiasm, as recent data reveals a four-week streak of substantial inflows. Global crypto funds have drawn in a staggering $6.3 billion over this period, pushing year-to-date (YTD) inflows to $6.7 billion—just shy of the record $7.3 billion observed in early February, according to CoinShares’ head of research, James Butterfill.
A Surge in US Crypto ETFs
In the United States, crypto exchange-traded funds (ETFs) have shattered previous records, accumulating $62.9 billion in net inflows since their inception in January 2024. This marks a significant leap from the earlier high of $61.6 billion recorded in February. The continued inflow streak has propelled total assets under management (AUM) in global crypto funds to $169 billion, hovering just 2.5% below the historic peak of $173.3 billion achieved in late January. As explored in Bitcoin ETFs, gov’t adoption to drive BTC to $1M by 2029, the role of ETFs in driving Bitcoin’s price is becoming increasingly significant.
Bitcoin (BTC) continues to dominate the market, with $867 million in inflows last week, pushing its YTD inflows to $6.6 billion and its AUM to $146 billion. Meanwhile, Ethereum (ETH) saw more modest gains, with $1.5 million in inflows, bringing its AUM to $12 billion. Notably, Sui (SUI) emerged as the altcoin champion, attracting $11.7 million in inflows, while Solana (SOL) experienced outflows totaling $3.4 million.
BlackRock’s Dominance and Industry Trends
BlackRock’s iShares products have maintained their stronghold on the market, absorbing $1 billion in inflows last week alone. Year-to-date, BlackRock has pulled in $8.1 billion, surpassing the entire industry’s total of $6.7 billion. In contrast, Grayscale and Bitwise faced outflows of $168 million and $27 million, respectively, during the same period. However, Fidelity and ARK have reversed negative trends, reporting inflows of $62 million and $46 million. Despite these outflows, Grayscale’s influence remains strong, as discussed in Why Grayscale’s Bitcoin Trust still dominates ETF revenue in 2025.
The bullish trend can be attributed to various macroeconomic factors, including a rise in the global money supply and stagflationary risks in the United States. “We believe the sharp increase in both prices and inflows is driven by a combination of factors,” Butterfill noted, “including several US states approving Bitcoin as a strategic reserve asset.”
Market Dynamics and Future Implications
The broader cryptocurrency market has mirrored this optimistic sentiment, with Bitcoin recently reclaiming the $100,000 mark for the first time since January. The total crypto market capitalization has surged to nearly $3.5 trillion, down 11% from the historic high of $3.9 trillion seen in mid-December 2024, according to CoinGecko.
Yet, as Bitcoin trades at approximately $104,407, questions linger about the sustainability of this bullish momentum. The factors driving current trends—such as the rise in M2 money supply and macroeconomic concerns—could shift, potentially altering the landscape. Investors and analysts alike are keenly watching for signs of continued growth or potential headwinds that could stymie the market’s progress.
In this climate of uncertainty and opportunity, the crypto community is abuzz with speculation. Will the inflow streak persist, or are we approaching a plateau? Only time will tell, but one thing is clear: the crypto market is anything but predictable, and the coming months promise to be anything but dull.
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This article is based on: US crypto funds smash old record amid 4-week inflow streak
Further Reading
Deepen your understanding with these related articles:
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- Stagflationary Data Puts Pressure on Bitcoin, Stocks
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
