Ethereum leads $286 million weekly crypto fund inflows with strongest run since 2024: CoinShares

Crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares registered $286 million worth of net inflows globally last week, according to CoinShares data — with a strong performance from Ethereum-based funds overcoming bitcoin product outflows.

It marks the seventh consecutive week of gains, now totaling $10.9 billion. "Despite this, total assets under management declined from the all-time high of $187 billion to $177 billion by the weekend, as prices softened amid market volatility triggered by uncertainty over U.S. tariffs," CoinShares Head of Research James Butterfill wrote in a Monday report.

Ethereum surges, Bitcoin pauses

Global Ethereum investment products led the pack, adding another $321 million to a six-week streak totaling $1.2 billion — their strongest run since December 2024 — amid a "decisive improvement in sentiment," Butterfill said.

U.S. spot Ethereum exchange-traded funds accounted for $285.8 million of the weekly inflows, according to data compiled by The Block.

Although the week had begun strongly for the usually dominant Bitcoin-based funds, a midweek reversal following a court decision to declare U.S. tariffs illegal saw them slump to $8 million in net outflows by Friday, ending a $9.6 billion six-week run, Butterfill added.

Inflows from funds based in other countries were overwhelmed by $144.8 million in net outflows from the U.S. spot Bitcoin ETFs as IBIT's impressive 34-day , $9.4 billion streak came to an end.

Meanwhile, XRP-based investment products witnessed a second week of net outflows totaling $28.2 million, Butterfill noted.

ETH fell 2.7% to $2,488 over the past week, according to The Block's Ethereum Price page , while BTC dropped 4% and the GMCI 30 index of leading cryptocurrencies dropped 6%. 

Regionally, investor focus also shifted away slightly from the dominant U.S. market, though it still led with $199 million worth of net inflows. Hong Kong saw its best post-seed net weekly inflows since its exchange-traded products launched in April 2024, adding $54.8 million. Crypto funds in Germany and Australia also witnessed $42.9 million and $21.5 million in net inflows, respectively. However, Switzerland-based products saw the worst net weekly outflows of $32.8 million.