Ethereum products continue to lead, but global crypto fund inflows decelerate amid Fed policy uncertainty: CoinShares

Crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares registered another $286 million worth of net inflows globally last week, according to CoinShares data — with Ethereum-based funds again outperforming Bitcoin.

It marks the eighth consecutive week of gains, now totaling $11.3 billion. "However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the U.S. Federal Reserve on inflation," CoinShares Head of Research James Butterfill warned in a Monday report.

Weekly crypto asset flows. Images: CoinShares.

Ethereum investment products are gaining traction

Ethereum investment products led for the second week in a row, adding $296.4 million worth of net inflows to a seven-week positive run totaling $1.5 billion — accounting for 10.5% of assets under management at the global Ethereum-based funds, Butterfill noted. "This represents the strongest run of inflows since the U.S. Election last November and marks a significant recovery in sentiment amongst investors," he said.

U.S. spot Ethereum exchange-traded funds accounted for $281.3 million of the weekly inflows, according to data compiled by The Block, with their 15-day positive streak now totaling $837.5 million.

Meanwhile, global Bitcoin-based products slumped to their second consecutive week of net outflows, with $56.5 million exiting the funds during the period. However, short-Bitcoin products also witnessed a second week of net outflows, with $4.1 million trimmed.

Other altcoin investment products were subdued, with Sui instruments attracting minor net inflows of $1.1 million, while XRP funds saw a third week of net outflows totaling $6.6 million, Butterfill noted.

Net weekly inflows were experienced broadly across regions, led by the U.S. with $175 million, followed by Germany, Switzerland, Canada, and Australia, with $47.8 million, $15.7 million, $9.8 million, and $6.5 million, respectively. Minor net outflows occurred in Brazil ($9.2 million) and Hong Kong ($14.6 million), marking the end of the latter's record inflow streak.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.