US Crypto Funds Hit New Records Amid 4-Week Inflow Surge, Closing in on All-Time High AUM

Crypto Funds Attract $882M in Weekly Inflows as Momentum Grows

Cryptocurrency investment products are riding a strong wave of investor demand, with $882 million in inflows recorded last week alone. This marks the fourth consecutive week of positive inflows and brings the total year-to-date (YTD) inflows to $6.7 billion, according to new data from CoinShares.

The majority of these inflows—$6.3 billion over the past four weeks—account for 93% of all YTD inflows, highlighting a recent surge in institutional appetite for crypto exposure. While the latest weekly figure represents a slight decline from the $2 billion reported in the first week of May and $3.4 billion in late April, the broader trend remains firmly bullish.

Weekly crypto ETP inflows since late 2024. Source: CoinShares

Global Crypto Funds Near Historic High of $173.3B AUM

Total assets under management (AUM) in global crypto funds now sit at $169 billion, just 2.5% below the record $173.3 billion reached in the last week of January 2025. This recovery underscores growing investor confidence as cryptocurrencies rebound sharply from earlier corrections.

In the United States, crypto exchange-traded funds (ETFs) have been a major catalyst. Since launching in January 2024, U.S. crypto ETFs have now accumulated a record $62.9 billion in cumulative net inflows, surpassing the previous peak of $61.6 billion set in February.

Bitcoin Leads with $867M in Weekly Inflows

Bitcoin (BTC) remains the dominant driver of crypto fund growth. BTC-focused investment products saw $867 million in inflows last week, pushing YTD inflows to $6.6 billion. Total BTC fund AUM has now reached $146 billion, cementing its status as the clear favorite among institutional investors.

In contrast, Ethereum (ETH) saw only modest interest, with $1.5 million in inflows and total AUM increasing to $12 billion. The limited ETH inflows come despite recent bullish price action following Ethereum’s Pectra upgrade.

Crypto ETP flows by asset as of May 10, 2025 (in millions of US dollars). Source: CoinShares

Among altcoins, Sui (SUI) stood out, recording $11.7 million in inflows—making it the top altcoin performer in the ETP market for the week. On the other end of the spectrum, Solana (SOL) faced net outflows of $3.4 million, adding to a monthly outflow total of $2.9 million.

BlackRock Dominates with $1B in Weekly Inflows

Much of the institutional capital continues to concentrate in BlackRock’s iShares crypto ETFs, which brought in $1 billion in inflows last week alone. Year-to-date, BlackRock has now amassed $8.1 billion, surpassing the total industry inflow figure, highlighting its dominant market share.

Other major players presented a mixed picture. Fidelity and ARK Invest reversed prior outflows, gaining $62 million and $46 million respectively. Meanwhile, Grayscale and Bitwise continued to bleed capital, with outflows of $168 million and $27 million respectively, reflecting ongoing investor rotation toward lower-fee ETF alternatives.

Crypto ETP flows by issuer as of May 10, 2025 (in millions of US dollars). Source: CoinShares

Bullish Momentum Fueled by Macro Conditions and Policy Shifts

According to analysts, the recent rally in both crypto prices and fund inflows is being driven by a mix of macroeconomic and policy factors. These include:

A global increase in M2 money supply, pointing to looser monetary conditions.

Stagflation risks in the U.S., prompting a shift toward alternative assets.

Adoption of Bitcoin as a strategic reserve asset by several U.S. states, boosting mainstream legitimacy.

Bitcoin (BTC) price chart since January 2024. Source: CoinGecko

As of May 12, Bitcoin was trading at $104,407, slightly down from its December 2024 peak above $106,000 but still well above key psychological levels. Meanwhile, total crypto market capitalization stands at nearly $3.5 trillion, just 11% shy of its all-time high of $3.9 trillion recorded in mid-December 2024.

Conclusion: Institutional Crypto Surge Nears Historic Peak

Crypto investment products are enjoying a breakout year, with inflows rapidly climbing toward historic highs. With AUM closing in on $173 billion, and institutional investors continuing to pour capital into ETFs—especially those offered by BlackRock—the industry appears well-positioned for sustained growth.

While short-term inflow fluctuations may persist, the broader trend points to accelerating adoption and deepening integration of digital assets within global financial portfolios.