Digital asset investment products posted $118 million in net inflows last week, their fifth straight positive week. But the number masks a turbulent stretch. Crypto exchange-traded products bled nearly $620 million from Monday through Thursday before a single Friday session brought in $737 million, flipping the week to positive.
The five-week run now totals $4 billion — the longest and largest inflow streak of the year, surpassing a previous high of close to $3 billion set in March.
Bitcoin products drew $192 million in inflows last week, bringing year-to-date flows to $4.2 billion. That figure, though positive, came in well below the prior three weeks’ average of nearly $1 billion. Short-Bitcoin products saw modest inflows of $6 million.
Ethereum told a different story. The asset logged $81 million in outflows, ending a three-week inflow streak that had topped $190 million each week.
Regionally, the US recorded almost $48 million in inflows, a steep drop from $1.1 billion the week before. Germany followed with $43.8 million, and Canada added $16 million.
Data shows the move followed improving market conditions tied to the US-Iran ceasefire agreement reached on April 8.
Monday’s inflows extended a three-day winning streak after the prior week had seen $490 million flow out of the same funds.
Whether last week’s razor-thin positive finish signals durable strength or a one-day anomaly may depend on how broadly investor interest spreads beyond the handful of assets currently drawing attention.
Featured image from MetaAI, chart from TradingView
