Global Crypto Investment Products See Strong Inflows

Global crypto investment products led by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares achieved net inflows of $1.3 billion last week. This amount nearly doubled from $747.4 million the previous week, despite a price drop due to President Trump’s tariffs, according to CoinShares.

This marks a streak of net inflows extending to five consecutive weeks, accumulating a total of $7.3 billion year-to-date. CoinShares Head of Research, James Butterfill, reported these figures on Monday. The weekly trading volume for these products remained steady at $20 billion, although recent declines led to a decrease in assets under management from $181 billion to $163 billion since January.

Market Reactions to Tariffs

In response to President Trump’s proposed 25% tariffs on imported goods from Canada and Mexico, alongside 10% tariffs on Canadian energy and Chinese goods, Bitcoin dropped over 10% to a low of around $91,500 on February 3. Other cryptocurrencies experienced even steeper declines, with ether plunging by 36% to around $2,100, and the GMCI Meme index of leading memecoins dropping around 40%.

However, Bitcoin rebounded above $100,000 during a volatile trading session last Monday after reports surfaced that the new tariffs would be postponed for a month due to a government agreement. The market faced new challenges when China announced retaliatory tariffs on U.S. imports, including 15% on coal and LNG and 10% on crude oil.

Bitcoin is currently priced at $97,817, while ether stands at $2,647, according to The Block’s Prices Page.

Ethereum’s Performance

Despite recent price fluctuations, Bitcoin-based funds recorded $407 million in net inflows last week; global investment products now account for 7.1% of Bitcoin’s current market capitalization, Butterfill noted.

U.S. spot Bitcoin exchange-traded funds made up $203.8 million of the overall net inflows, according to The Block’s data.

In contrast, “Ethereum stole the show,” as ether-based funds generated $793 million in net inflows last week, surpassing Bitcoin funds for the first time this year amidst significant buying-on-weakness, Butterfill remarked. U.S. spot Ethereum ETFs recorded $420.2 million of net inflows, according to The Block’s data dashboard.

XRP-based funds were the third-best-performing altcoin investment product globally, attracting an additional $21 million, while Solana products brought in $11 million.

Regionally, the U.S. led with $1 billion in total net inflows, followed by Germany ($61 million), Switzerland ($54 million), and Canada ($37 million).