Crypto ETFs Set New ...

Crypto ETFs Set New Record at $62.9 Billion After Four Weeks of Straight Inflows

By José Oramas May 14, 2025 In Bitcoin, Cryptocurrency, ETFs

Bitcoin coin with Exchange Traded Fund ETF text on pink color background. — Source:AdobeStock

Crypto investment products pulled in US$882M last week, pushing 2025 inflows to US$6.7B—just shy of February’s record US$7.3B. Nearly all of it came in the past month.
US-listed Bitcoin ETFs hit US$62.9B in assets, led by BlackRock’s iShares BTC ETF, which alone drew US$1B last week.
CoinShares attributes inflows to rising global M2 supply, US stagflation fears, and state-level moves to hold BTC as a reserve.

Investor appetite for crypto products shows no signs of slowing, even as weekly inflows cool from April’s massive surge.

According to a report from CoinShares, global crypto investment products attracted US$882M (AU$1.34B) in the past week, bringing year-to-date inflows to US$6.7B (AU$10.3B) —just shy of the US$7.3B (AU$11.7B) record set in early February.

Over the last four weeks alone, inflows hit US$6.3B (AU$9.73B), accounting for 93% of total 2025 activity.

Bitcoin Remains King

Bitcoin alone pulled over US$860M (AU$1.32B) last week and pushed US-listed Bitcoin ETFs to a new milestone: US$62.9B (AU$97.2B) in net inflows since their January 2024 debut. That figure officially surpasses the previous high of US$61.6B (AU$95.1B) set back in February.

The second-largest crypto by market cap, Ethereum, attracted just US$1.5M (AU$2.32M) over the same period. But it was Sui that made the real noise among altcoins, drawing US$11.7M (AU$18M), more than both ETH and SOL, and lifting its year-to-date inflows to US$84M (AU$129.7M).

XRP picked up US$1.4M (AU$2.15M) in weekly inflows, bringing its YTD total to US$258M (AU$398M) and pushing its assets under management to US$1.35B (AU$2.01B). While most other altcoins showed minimal movement, investor interest remains clearly concentrated around a handful of names.

As usual, the lion’s share of capital went straight to BlackRock. Its iShares Bitcoin ETF alone pulled in US$1B (AU$1.54B) last week, more than the entire industry combined, on paper. Since launch, iShares has now attracted US$8.1B (AU$12.5B) in net inflows, eclipsing the broader sector’s cumulative 2025 total.

What’s Fueling the Capital Injection?

CoinShares mostly attributes the inflows to broader macroeconomic forces, starting with the expansion of global M2 money supply, which has injected significant liquidity into markets and prompted a search for harder assets.

According to CoinShares’ Head of Research, James Butterfill, another reason is that stagflation fears in the US (with inflation remaining sticky despite slowing growth, as per the latest CPI data) have pushed investors toward alternative assets like Bitcoin:

We believe the sharp increase in both (crypto) prices and inflows is driven by a combination of factors: a global rise in M2 money supply, stagflationary risks in the US, and several US states approving Bitcoin as a strategic reserve asset.