Digital Asset Investment Products End Five-Week Outflow Streak with $644M Inflows

Digital asset investment products have put an end to a five-week trend of outflows by garnering over $644 million in inflows during the past week. CoinShares, Europe's leading digital assets investment firm, attributes this change to Bitcoin (BTC) as the crypto market experiences renewed optimism.

In their weekly report released on March 24, CoinShares revealed that the crypto exchange-traded funds market logged more than $644 million in weekly inflows, thereby ending a five-week sequence of outflows. This observation corresponds with the perspective across the spot exchange-traded funds market in the United States, which has observed a surge in demand from investors as Bitcoin's price rises.

Data from SoSoValue indicates that the U.S. spot ETFs market witnessed Bitcoin spot ETFs record six consecutive trading days of inflows between March 14 and March 21, 2025. On the last Friday of that week, only Grayscale's GBTC reported outflows, while BlackRock registered nearly $105 million in net inflows.

James Butterfill, head of research at CoinShares, offered his thoughts on the change in sentiment:

"Total assets under management have risen by 6.3% from their low point on March 10th. Notably, every day last week recorded inflows, following a 17-day consecutive run of outflows—signalling a decisive shift in sentiment toward the asset class."

CoinShares' report, which covers the global performance of ETPs issued by major providers, notes that digital asset investment products lost over $6.4 billion in five weeks. This included 17 consecutive days of outflows from investment products associated with Bitcoin, Ethereum (ETH), XRP (XRP), and Solana (SOL) among other cryptocurrencies.

Nonetheless, as Bitcoin regained upward momentum to rise from under $80,000 last week, the sector rebounded. In total, sentiment led institutional investors to inject more than $724 million into Bitcoin-related products. The five weeks of continuous outflows had resulted in investors withdrawing more than $5.4 billion from Bitcoin-linked investment products.

XRP and Solana investment products reported modest inflows of $6.7 million and $6.4 million respectively.

Meanwhile, Ethereum, which has been grappling with downward pressure near $2k, reported outflows of $86 million. Short Bitcoin investment products also experienced $7.1 million in outflows, marking a third-consecutive week of such movement and suggesting a bullish reversal.