Yigit Taha OZTURK 
Investor appetite for crypto is heating up again, with a steady four-week inflow streak driving digital asset investment products close to historic highs. In the United States, crypto funds have reached a new benchmark, signaling strong institutional confidence.
According to European digital asset firm CoinShares, global crypto exchange-traded products (ETPs) attracted $6.3 billion over the past four weeks, making up 93% of total year-to-date (YTD) inflows.
So far this year, total inflows have reached $6.7 billion, inching closer to the all-time record of $7.3 billion set in early February.
Bitcoin Dominates With $867M In Weekly Inflows
Last week, Bitcoin investment products led the surge with $867 million in inflows, pushing BTC‘s YTD total to $6.6 billion and lifting its assets under management (AUM) to $146 billion.
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As a result, total global crypto AUM rose to $169 billion, now just 2.5% below the record $173.3 billion recorded at the end of January.
Still, the latest weekly inflow figure of $882 million marked a slowdown compared to $2 billion and $3.4 billion in the previous two weeks.
BlackRock Leads the Pack, Grayscale Lags Behind
In the US, crypto ETFs continued to break new ground. BlackRock’s iShares products attracted a staggering $1 billion in inflows last week alone.
With $8.1 billion in YTD inflows, BlackRock has outpaced the entire industry total, while Grayscale and Bitwise saw weekly outflows of $168 million and $27 million, respectively.
Meanwhile, Fidelity and ARK Invest reversed their previous trends with $62 million and $46 million in new capital, respectively.
Bullish Trend Driven by Macro Factors
CoinShares’ head of research James Butterfill pointed to several key drivers for the bullish sentiment: a global rise in M2 money supply, stagflation risks in the US, and multiple US states recognizing Bitcoin as a strategic reserve asset.
The total crypto market cap currently stands at $3.5 trillion, just 11% below the record $3.9 trillion hit in December 2024.
At the time of writing, Bitcoin was trading at $104,407, slightly below its all-time high above $106,000 posted in mid-December.
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