Crypto ETPs Post Third Straight Week of Inflows as Weekly Total Tops $1 Billion

U.S. spot bitcoin ETFs began trading in January 2024, with ether funds following in July, giving investors regulated exposure to the two largest cryptocurrencies without directly holding or safeguarding tokens. Their flows have since become a closely watched gauge of institutional demand, market liquidity and investors’ willingness to take risk through conventional brokerage accounts.

During the Aug. 3-7 week, U.S. spot bitcoin and ether ETFs attracted about $1.1 billion in combined net inflows, their strongest showing since April. Bitcoin funds took in $853.5 million, while BlackRock’s IBIT and ETHA captured about $896 million between them, accounting for more than 80% of the total. The rebound came as weak U.S. payroll data reduced expectations for another Federal Reserve rate increase.

The U.S. Securities and Exchange Commission cleared spot bitcoin exchange-traded products in January 2024, followed by spot ether funds that began trading that July, giving investors regulated brokerage access to the two largest cryptocurrencies. Daily creations and redemptions in products run by BlackRock, Fidelity, Grayscale and others have since become a key gauge of institutional demand and short-term risk appetite, particularly when crypto prices turn volatile.

On Wednesday, July 29, U.S. spot bitcoin ETFs posted $32.1 million in net inflows, ending four consecutive trading days of withdrawals. BlackRock’s iShares Bitcoin Trust (IBIT) led subscriptions, offsetting redemptions from Fidelity’s FBTC and the ARK 21Shares Bitcoin ETF (ARKB). Spot ether ETFs, by contrast, swung to $18.65 million in net outflows. The divergence came as bitcoin and ether edged lower, suggesting demand for bitcoin-linked funds recovered despite the modest pullback in token prices.

Crypto asset manager CoinShares tracks flows into cryptocurrency exchange-traded products (ETPs) worldwide, providing a gauge of risk appetite among institutional and professional investors. Bitcoin products remain the main source of inflows, making the durability of those flows an important indicator of market confidence.

CoinShares said in its latest weekly report released on July 20 that crypto ETPs attracted $117.8 million in net inflows the previous week, marking a fifth consecutive week of net inflows. The market faced selling pressure early in the week, but strong inflows on Friday reversed the weekly trend and lifted net inflows for 2026 to date to $4.02 billion.

The U.S. Securities and Exchange Commission approved spot Ethereum ETFs in 2024, allowing institutions to gain exposure to ETH through traditional brokerages. Sustained inflows signal a recovery in investor risk appetite and could reduce the supply available in the market, providing important support for Ether’s attempt to reach $3,000.

As of May 29, 2025, U.S. spot Ethereum ETFs had recorded net inflows for 10 consecutive trading days, totaling more than $633 million. However, weekly revenue from DApps on the Ethereum network fell to about $13 million over the same period. With Bitcoin’s rally providing momentum, the market turned its attention to whether ETH could break above $3,000.

Cryptocurrency exchange-traded products allow investors to gain exposure to digital assets through traditional market instruments. Their fund flows are often viewed as a gauge of institutional demand and risk appetite. CoinShares’ weekly report covers such products worldwide, and the swing from net outflows to net inflows pointed to a brief stabilization in market sentiment.

CoinShares reported on April 7, 2026, that global crypto ETPs attracted $224 million in net inflows the previous week, reversing $414 million in net outflows a week earlier. XRP drew $120 million, its strongest weekly inflow since mid-December 2025. Bitcoin attracted $107 million and Solana $35 million, while Ether posted $53 million in outflows.

Digital asset manager CoinShares' weekly tracking of global crypto investment-product flows is a key gauge of institutional risk appetite. Its March 30, 2026, report said the conflict in Iran had fueled inflation concerns, while market expectations for the Federal Reserve's June meeting had shifted from a rate cut to a rate increase, weighing on demand for risk assets.

Crypto investment products recorded net outflows of $414 million in the week ended March 27, 2026, snapping five consecutive weeks of inflows. Total assets under management fell to $129 billion. Ether posted the largest outflow at $222 million, while Bitcoin shed $194 million. By contrast, XRP continued to attract inflows, drawing $15.8 million.