The crypto market recorded an influx of $286 million, extending its seven consecutive weeks of adding $10.9 billion to crypto investment products. Coin share’ Weekly report.
However, the overall value of managed assets has declined from $187 billion to $177 billion, reflecting recent market declines.
James Butterfill, head of research at Coinshares, pointed to the growing economic uncertainty in the US as a key driver behind DIP.
Last week, a federal court decided to temporarily revive mutual tariffs from the Trump era, causing volatility and encourage investors to adjust their position.
Despite the turbulence, US-based products remained the most capitalized, with an influx of $199 million. Germany and Australia won $42.9 million and $21.5 million, respectively.
Hong Kong saw a surge in activity, recording a new influx of $54.8 million.
In contrast, Switzerland faced a $32.8 million outflow and joined Sweden and Brazil, registering weekly losses of $4 million and $3.2 million, respectively.
Bitcoin sees its first leak in a few weeks
Ethereum-based investment products were in the spotlight last week, attracting the highest influx across the digital asset market.
According to a report by Coinshares, Ethereum Funds brings $321 million, surpassing Bitcoin, indicating the potential for a change in investors’ sentiment. This marked Ethereum’s sixth consecutive influx, currently totaling $1.19 billion, the strongest run since late 2024.
Meanwhile, Bitcoin funds, which previously enjoyed a steady six-week inflow, faced a reversal. Bellwether Digital Asset saw a $8 million spill last week.
This shift was most notable on BlackRock’s iShares Bitcoin Trust (IBIT), losing $430 million. This was the fund’s first outflow since early April and the largest outflow on its record.
Coinshares noted that the trend has reversal mid-week following the court’s tariff ruling. What began as a weekly influx quickly turned into a cautious withdrawal as investors responded to the uncertainty of new trade policies.
Meanwhile, XRP struggled, marking a second consecutive week of outflow, with $28.2 million withdrawing its assets. The product has seen more than $56 million in ejection over the past two weeks.
In contrast, other niche assets saw small profits over the period. Sui pulled in $2.2 million, Solana raised $1.5 million, Cardano added $100,000, and ChainLink brought in $800,000.
The data suggests a shift landscape where Ethereum is gaining momentum while Bitcoin temporarily takes the backseat in the face of macroeconomic headwinds.
