Global cryptocurrency investment products saw substantial inflows of $882 million last week, marking the fourth consecutive week of positive momentum according to CoinShares.
This brings year-to-date (YTD) inflows to $6.7 billion, swiftly closing in on the record $7.3 billion from February. Multiple macroeconomic factors were cited for this trend, including a growing global money supply and heightened stagflation concerns in the US.
Importantly, US state-level policy shifts continued as both New Hampshire and Arizona passed laws allowing public funds to hold Bitcoin and select digital assets, further establishing Bitcoin's status among institutional investors. US spot Bitcoin ETFs, especially BlackRock’s iShares Bitcoin Trust, posted a record $62.9 billion in cumulative net inflows since their January 2024 launch.
Bitcoin (BTC) clearly dominated, attracting $867 million in inflows last week alone, pushing its YTD total to $6.6 billion and assets under management to $146 billion.
On the altcoin front, Sui (SUI) stood out by drawing $11.7 million fresh inflows last week, topping yearly capital raises among altcoins at $84 million—surpassing Solana (SOL). Ethereum (ETH) saw more modest inflows at $1.5 million, despite a 30% price rally and the Pectra upgrade. XRP posted $1.4 million in inflows last week, raising its annual total to $258 million.
Solana was the only top altcoin with net outflows ($3.4 million), while Canada and Hong Kong also saw minor outflows from crypto ETPs. Overall, industry analysts link these institutional movements and state policy support to further legitimization and investment in the broader crypto ecosystem.