CoinShares, a leading crypto investment firm, reported $882 million in global digital assets inflows last week, marking a fourth consecutive weekly gain. Year-to-date (YTD) inflows surged to about $6.7 billion, approximately $0.6 billion less than the $7.3 billion peak value recorded in early February 2025.
According to the report, Bitcoin (BTC) topped the inflows chart with about $867 million gains in the just-concluded week. Beyond BTC, US-listed ETFs also attained new heights. US funds cumulative net inflows reflected $62.9 billion, surpassing February’s $61.6 billion peak value.
Last week, Ethereum experienced significant price spikes that saw it break above $2,000 for the first time after weeks of trading around the $1,500 price region. While many expected ETH’s massive influence in last week’s inflows, it only contributed $1.5 million.
Sui outperformed other altcoins with $11.7 million inflows. Sui also recorded a YTD gain of about $84 million, surpassing Solana’s $76 million.
Digital Assets Net Inflows Driving Factors
CoinShares highlighted some possible reasons for the impressive price actions in its report. They include M2 money supply spike and Bitcoin’s growing adoption, stemming from several states approving the token as a reserve asset. Beyond these, the investment firm also noted that stagflationary risks in the US contributed to the positive market actions.
Countries like the US, Germany, and Australia contributed the most to last week’s inflows. CoinShares reported that these nations had inflows of about $840 million, $44.5 million, and $10.2 million, respectively. On the other hand, Canada had $8 million in outflows, while Hong Kong fofeited $4.3 million.
Institutions Drive Bitcoin’s Price Surge
At the time of press, Bitcoin has dropped slightly by about 0.7% in the past 24 hours, trading at approximately $103,900. Within the same timeframe, BTC fluctuated between $103,735 and $105,503, highlighting tendencies of reclaiming its $108,786 all-time high (ATH) attained on January 20, 2025.
In its 7-day-to-date, 14-day-to-date and month-to-date variables, Bitcoin appreciated by 10.5%, 9.2%, and 24.6%, respectively. These metrics showed that Bitcoin has reclaimed previously forfeited gains that saw it drop below $80,000 at some point this year. Following its recent resurgence, BTC’s market cap reached $2.065 billion. Its 24-hour trading volume surged 17.91% to about $52.48 billion.
