Cryptocurrency investment products recorded a decisive rebound last week, with global exchange-traded products (ETPs) recording inflows of approximately $1.1 billion. Bitcoin led the trend, attracting approximately $871 million during the week, according to CoinShares’ Weekly Digital Asset Fund Flows Report. This week represented the strongest move for cryptocurrency ETPs in 2026, barring the $2.17 billion surge in inflows in mid-January.
Ether’s ETP also turned positive, recording inflows of approximately $196.5 million. This is the first weekly influx after three consecutive weeks of outflows. On the other hand, regional flow patterns were heavily skewed towards the US, highlighting a clear preference for regulated cryptocurrency exposure amid mixed macro signals.
Key Takeaways
- Total inflows this week reached about $1.1 billion, with Bitcoin accounting for about $871 million and continuing to bring a significant portion of new funds into regulated cryptocurrency exposure.
- Ether ETPs have rebounded with inflows of approximately $196.5 million, but Ether has declined by approximately $130 million, remaining one of the few assets with negative momentum year-to-date. Bitcoin, on the other hand, leads overall YTD flows at approximately $1.9 billion and represents approximately 83% of total YTD inflows of $2.3 billion.
- Investors added to Bitcoin short-selling products as weekly inflows hit $20 million, the highest since November 2024, with XRP ETPs hitting about $19 million and Solana seeing minor outflows of about $2.5 million.
- Geographical dispersion remained centered around the United States, with approximately $1 billion of inflows concentrated in the United States (approximately 95% of net weekly inflows). According to SoSoValue data, US spot BTC ETPs lead the way, generating approximately $786.3 million. Germany, Canada, and Switzerland recorded smaller inflows: $34.6 million, $7.8 million, and $6.9 million, respectively.
Bitcoin-led demand and broader price backdrop
Bitcoin’s surge to the forefront of weekly inflows coincided with continued volatility in the spot market. The token briefly regained the $70,000 level and even traded above $73,000 at times last week, despite broader market sentiment remaining weak. CoinShares notes that the strength of ETP inflows points to continued institutional demand and preference for regulated investment products, even during a period of mixed macro signals.
James Butterfill, head of research at CoinShares, attributed the surge in inflows to a combination of factors, including a rebound in risk appetite following progress on a tentative ceasefire in Iran and weaker-than-expected U.S. inflation and spending data. This combination appears to reassure investors that regulated exposure to cryptocurrencies remains a viable proxy for risk positioning even as the broader market grapples with volatility and policy ambiguity.
Ethereum rebounds amid cautious year
Ether’s $196.5 million inflow marks a notable shift after three weeks of outflows, suggesting a shift back to Ethereum-based products as investors reassess narrative risks and chain-level activity. Despite the rebound, Ether’s year-to-date tally remains negative, reflecting a broader rotation in certain non-Bitcoin assets within the regulated vehicle. In contrast, Bitcoin’s strong YTD inflows highlight continued demand for the largest cryptocurrency as a core exposure within ETP portfolios.
Regional Focus and Notable Drivers
Geographical fragmentation of flows further emphasized the preference for US-led crypto ETPs. Roughly $1 billion in weekly inflows originated in the US, with US spot BTC ETPs alone bringing in approximately $786.3 million. Germany recorded inflows of $34.6 million, while Canada and Switzerland recorded smaller inflows of $7.8 million and $6.9 million, respectively. In smaller movers, XRP ETP added about $19 million, while Solana recorded a minor outflow of about $2.5 million. This week also included active positioning in short-term BTC products, reflecting tactical bets on near-term price dynamics.
These patterns are consistent with the broader explanation. Even when the macro environment remains uncertain, investors remain willing to deploy capital into regulated cryptocurrency access points. The US-led trend in particular highlights how regulatory clarity and product availability can shape allocations during periods of mixed sentiment.
What this means for investors going forward
The latest CoinShares data reinforces a theme that has persisted through 2026. Demand for regulated cryptocurrency exposure is highly sensitive to macro signals and policy cues, with the United States serving as the primary engine of inflows. The strong performance of BTC compared to Ether highlights the potential preference for the flagship asset as a key stabilizer within ETP portfolios, especially if risk appetite improves as inflation numbers drop.
Traders and institutions alike will be focused on the persistence of US-led inflow patterns and how Ether’s recent rebound unfolds as broader liquidity conditions change. Significant near-term inflows of BTC are also noteworthy, as they can reveal hedging dynamics and speculative positioning related to near-term price expectations.
According to data from CoinShares, the near-term trajectory of crypto ETPs will depend on macro clarity and regulatory developments. As policymakers and markets absorb ongoing inflation signals and geopolitical headlines, investors will be watching to see whether US inflows will maintain their lead and whether Ethereum can swing this year’s momentum more decisively in its favor.
Going forward, traders should monitor how upcoming macro data, regulatory updates, and potential truce situations will impact risk appetite and flow leadership between BTC, ETH, and other liquid assets within regulated products.