Digital Asset Investment Vehicles See $858M Influx During Record Sixth Consecutive Week: CoinShares
Digital asset exchange-traded products attracted $858 million during the prior week, with Bitcoin accounting for $706 million of the total, while bearish Bitcoin positions experienced $14 million in withdrawals amid strengthening market confidence.
Digital currency investment vehicles marked their sixth consecutive week of positive flows in what represents their longest unbroken streak since the April through July 2025 period, accumulating $4.9 billion in total, with enhanced optimism surrounding United States cryptocurrency regulation helping drive Bitcoin past the $80,000 threshold and pushing assets under management to levels not witnessed since February.
Exchange-traded products focused on cryptocurrency reported approximately $858 million in fresh capital last week, representing a substantial increase from the $118 million in inflows documented during the preceding week, according to a Monday report from CoinShares.
The upward momentum was presumably bolstered by progress related to the United States CLARITY Act, noted James Butterfill, head of research at CoinShares, making reference to a final compromise framework concerning stablecoin yields that was unveiled on May 1.
Against the backdrop of this favorable trajectory, Bitcoin surged beyond $80,000 during the previous week, propelling aggregate assets under management across crypto ETPs above $160 billion, representing the peak level observed since February.
Bitcoin dominates capital inflows, while bearish-BTC products experience their most significant yearly outflows
Investment vehicles targeting Bitcoin (BTC) dominated the landscape last week, capturing $706 million in new capital and elevating year-to-date flows to $4.9 billion.
Reflecting the strengthening market sentiment, exchange-traded products positioned against Bitcoin registered their most substantial weekly outflow of the current year at $14 million, indicating that investors are retreating from bearish positions on BTC as faith in the upward movement intensifies.
Exchange-traded funds focused on Ether (ETH) registered $77 million in incoming capital, overturning the $81 million in outflows that were documented in the prior week. Solana (SOL) and XRP (XRP) similarly demonstrated significant momentum, with capital inflows of approximately $48 million and $40 million, respectively.
End-of-week profit realization tempers the upward momentum
The previous week's incoming capital materialized notwithstanding considerable selling activity that emerged toward the week's conclusion as Bitcoin momentarily fell beneath $80,000 on Thursday.
During Thursday and Friday, spot Bitcoin exchange-traded funds listed in the United States experienced $423 million in capital withdrawals, bringing down net weekly inflows to approximately $623 million, as reported by SoSoValue.
Blockchain analytics platform CryptoQuant identified realized gains amounting to 14,600 BTC, equivalent to $1.1 billion, on Monday, marking the most substantial single-day profit realization since Dec. 10, when Bitcoin was exchanging hands above $90,000. Julio Moreno from CryptoQuant indicated that escalating realized gains could intensify Bitcoin profit-taking activity as BTC reaches three-month peak levels.
The rally started to stall from the middle of the week as investors quickly took profit on their positions.
Laser Digital's derivatives trading desk
Comments from DAT companies, whether it be selling or slowing purchases, didn't help either. Given a lot of investors had pre-positioned for a move higher anticipating strong bid from MSTR this week, this has likely triggered some take-profit flows.
Laser Digital's derivatives division