Global crypto investment products managed by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares generated modest net inflows of $117.8 million last week, according to CoinShares' data.
It marks a fifth consecutive week of positive flows for the products, bringing the five-week total to over $4 billion, though the latest inflow was the smallest in the current streak. Total assets under management stood at $155 billion, broadly unchanged.
"The weekly total understates a notable shift within the week itself: products saw four consecutive days of outflows totalling $619 million from Monday to Thursday, before a single-session inflow of $737 million on Friday flipped the week to positive," CoinShares Head of Research James Butterfill noted in a Tuesday report.
"The Friday figure ranks among the largest single-day inflows of 2026, likely reflecting a sharp improvement in risk appetite," Butterfill said.
Sharp deceleration
Regionally, U.S.-based digital asset investment products recorded just $47.5 million worth of net inflows last week, a sharp deceleration from $1.1 billion the prior week and consistent with the mid-week risk-off tone, Butterfill said.
CoinShares suggested that European appetite had held up better, with crypto funds in Germany attracting $43.8 million in net inflows, while Canada-based products registered $16 million.
Bitcoin-based funds (BTC) again led the global weekly inflows by asset, adding $192.1 million to bring year-to-date flows to $4.2 billion, while short Bitcoin products also saw $6 million in inflows.
The U.S. spot Bitcoin exchange-traded funds accounted for $162.8 million of the net inflows alone, according to data compiled by The Block, led by BlackRock's IBIT, which added $136.6 million.
Expand Chart
Meanwhile, global Ethereum (ETH) products slumped to net outflows of $81.6 million last week, with limited participation in other crypto funds.
"The narrowing in participation from nine assets to four this week is the clearest signal that sentiment softened through the working week before recovering on Friday," Butterfill said.