Crypto ETPs Report Fifth Consecutive Week of Net Capital Inflows

The global cryptocurrency market has seen significant investment in recent weeks, with crypto Exchange-Traded Products (ETPs) experiencing a fifth straight week of net inflows.

According to a report from CoinShares, released on May 5 by BlockBeats news, the global crypto asset ETPs recorded a net inflow of $117.8 million last week. This brings the five-week cumulative inflow to over $4 billion and pushes total assets under management to approximately $155 billion.

However, the report notes that there was a clear divergence in the composition of inflows, with a notable drop-off midweek. From Monday to Thursday, there was a net outflow of $619 million, but this was reversed on Friday by a single-day large inflow of $737 million.

Looking at regional trends, the US market saw a slowdown in net inflows, dropping to $47.5 million from $1.1 billion the previous week. In contrast, Germany and Canada recorded net inflows of $43.8 million and $16 million respectively, with European funds showing relatively stable performance.

On an asset-level basis, Bitcoin-related products led the way with a weekly inflow of $192.1 million, with US spot ETFs contributing around $162.8 million of this total. In contrast, Ethereum products saw a net outflow of $81.6 million.