Crypto Fund Inflows Hit $785M, Erasing February–March Pullback

Crypto investment products posted a strong $785 million in inflows last week, marking a complete recovery from the $7 billion in outflows seen during the February–March correction. Year-to-date inflows have now reached $7.5 billion, according to CoinShares’ latest Digital Asset Fund Flows report.

U.S. investors led the charge, contributing $681 million, while Germany and Hong Kong followed with $86.3 million and $24.2 million, respectively. Notably, Hong Kong’s inflows were its highest since November 2024.

Bitcoin (BTC) products remained the top choice among investors, pulling in $557 million. While that figure is down slightly from the prior week, demand for BTC exposure remains strong — particularly through U.S.-listed spot ETFs. After suffering sharp outflows earlier this year — $3.56 billion in February and $767 million in March — spot BTC ETFs rebounded with nearly $3 billion in April and another $2.64 billion so far in May, according to SoSoValue.

Short bitcoin funds also recorded their fourth straight week of inflows, pointing to cautious sentiment or bearish positioning by some investors amid continued hawkish signals from the U.S. Federal Reserve.

Among altcoins, ether (ETH) products drew $205 million in inflows — their highest weekly total since March — a trend likely fueled by renewed optimism following the successful Pectra network upgrade.

Solana (SOL) was the only major asset to see net outflows, shedding just under $1 million for the week.