The crypto ETF market is back in the game. After a week that saw outflows of USD 513 million, global funds managed by giants such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares recorded inflows of USD 921 million. CoinShares data leave no doubt – investor appetite has returned.
Appetite grows as you invest
What’s behind this sudden turn? James Butterfill, head of research at CoinShares, points the finger at the unexpectedly low CPI data released on Friday.
The ongoing U.S. government shutdown and lack of key macroeconomic data have left investors without clear signals on the direction of monetary policy
– notes Butterfill.
Lower inflation? This is exactly the spark the market needed to believe in further interest rate cuts this year. Trading volumes speak for themselves: $39 billion per week, well above this year’s average of $28 billion. This is not a statistical disruption – it is a solid signal that capital is returning to the market.
American domination and German appetite
The United States dominated inflows into crypto ETFs with USD 843 million, while Germany surprised with one of the largest weekly hauls – USD 502 million. On the other hand, Swiss products saw outflows of $329 million, although Butterfill said this was mainly the result of asset transfers between suppliers rather than real sales pressure.
Bitcoin remains king – BTC-based crypto ETFs attracted as much as USD 931 million in a week. Since the Federal Reserve began cutting rates, total inflows into bitcoin funds have reached $9.4 billion. American spot Bitcoin ETFs alone recorded USD 446.3 million of inflows, the lion’s share of which ($324.3 million) was collected by IBIT from BlackRock.
Altcoins waiting for the crypto ETF charge
Things are getting interesting around XRP and Solana. Their investment products attracted USD 84.3 million and USD 29.4 million, respectively, but the pace has clearly slowed down. Reason? The market is holding its breath before the planned premieres of American ETFs for these assets. When the big players officially enter, things could get really interesting.
