$785M Weekly Inflows Into Crypto ETFs: CoinShares Report

In its latest report, analytics firm CoinShares highlights a historic week for crypto ETFs. According to new data, digital asset investment products recorded $785 million in inflows during May 13–17, 2025.

This marks the fifth consecutive week of net inflows across crypto ETF markets, bringing year-to-date totals to $7.5 billion, fully offsetting the outflows seen in February and March.

Geographically, institutional demand was strongest in the U.S., Germany, and Hong Kong, while Canada, Sweden, and Brazil saw net outflows. 

Still, the rally remains partly constrained by persistent interest in short Bitcoin products, signaling that some investors continue to hedge against downside risk.

In this report, we explore:

• What’s driving the shift in institutional sentiment?
• How is capital flowing across key regions?
• Why has Ethereum become the focus of investor attention?

Institutional Capital Pours Back Into Ethereum ETFs Post-Spring Dip

Ethereum is back in the institutional spotlight. Last week alone, ETH-based ETFs saw $205 million in inflows — the highest perfomance among all digital assets, according to CoinShares. Since the start of the year, total investments in Ethereum have reached $575 million.

This uptick coincides with a broader return of confidence in crypto. Over the past week, crypto funds drew $785 million in new capital. Year-to-date inflows now stand at $7.5 billion, recovering the ground lost during February and March outflows.с

Ethereum’s regained investor confidence is tied to two key developments:

• Pectra upgrade launched successfully on May 7
• Tomasz Stanczak’s appointment as co-chair of the Ethereum Foundation 

The Pectra release unlocked important updates — higher staking limits and account abstraction support via EIP-7702. The leadership shift also points to a fresh strategic vision for Ethereum’s future.

Despite a bearish week — with GMCI-30 Index down 6% and ETH down nearly 3% — institutional interest in Ethereum grew. Total crypto AUM hit $172.9 billion, one of the highest levels in history.

This reflects a deeper conviction among institutional players. Their focus has shifted away from daily price swings toward the protocol’s evolving architecture and governance reforms.

Bitcoin ETF Inflows Dip to $557M — Is the Rally Losing Steam?

Bitcoin remains the top asset for institutional investors. Yet momentum is slowing. Data from CoinShares shows that Bitcoin products saw $557 million in inflows during the week of May 13–17, 2025. That’s a notable decline from $887 million the week before. This cooling trend could reflect weakening short-term appetite for BTC exposure.

Ongoing hawkish signals from the U.S. Federal Reserve are putting a lid on risk appetite. With markets expecting tighter monetary policy, some investors remain on the sidelines.

At the same time, short-Bitcoin investment products posted their fourth consecutive week of green inflows, pulling in $5.8 million. The rise highlights growing caution, as market players hedge against a potential BTC correction.

Check this out: What does it mean to short crypto?

Bitcoin continues to function as the primary anchor for institutional crypto strategies. However, recent trends show a modest reallocation of capital toward Ethereum and other alternative assets. This rebalancing reflects institutional approval of Ethereum’s technical progress and growing belief in its long-term performance.

Although capital inflows into crypto ETFs are increasing, the pace of investor re-engagement remains inconsistent across regions. The United States accounted for the majority of last week’s market performance, totaling $681 million. Germany contributed $86.3 million, and Hong Kong reached $24.2 million — marking its highest level since November 2024.

Several regions, however, are showing net outflows. Sweden reported $16.3 million in losses, Canada followed with $13.5 million, and Brazil saw $3.9 million withdrawn. These movements may be linked to regional instability — ranging from monetary policy uncertainty and regulatory debates to FX market shifts and stock index performance.

This divergence underscores a broader theme: crypto investment behavior is becoming deeply intertwined with local political and economic environments. In 2025, the weight of regional policies, central bank actions, and even national-level tax proposals has become a decisive force in capital allocation.