Cryptocurrency investment products continue to see strong institutional demand, with U.S.-listed crypto funds smashing previous inflow records and global assets under management (AUM) approaching historic highs.
Crypto exchange-traded products (ETPs) attracted $882 million in new capital last week, marking the fourth consecutive week of inflows. The surge pushed year-to-date (YTD) inflows to $6.7 billion—just shy of the record $7.3 billion set in early February.
Over the past four weeks, global crypto funds have brought in $6.3 billion, accounting for 93% of all 2025 inflows. Total AUM now stands at $169 billion, only 2.5% below the all-time high of $173.3 billion recorded in January.
In the U.S., crypto exchange-traded funds (ETFs) have driven the majority of the demand. As of May 12, total cumulative inflows into U.S. ETFs have hit a new peak of $62.9 billion, surpassing the previous record of $61.6 billion set earlier this year.
Bitcoin dominated inflows once again, pulling in $867 million in the past week alone. This brings its YTD total to $6.6 billion, with its share of global AUM now at $146 billion. Ether products attracted just $1.5 million, pushing its AUM to $12 billion.
Among altcoins, Sui led with $11.7 million in inflows, while Solana was the only major altcoin to register outflows, shedding $3.4 million for the week and bringing month-to-date losses to $2.9 million.
BlackRock’s iShares products continue to account for the bulk of institutional demand. The firm attracted $1 billion in inflows last week, raising its YTD total to $8.1 billion—well above the industry-wide inflow figure. In contrast, Grayscale and Bitwise recorded weekly outflows of $168 million and $27 million, respectively. Fidelity and ARK, meanwhile, returned to positive territory, with inflows of $62 million and $46 million.
The recent surge in flows and asset prices has been closely tied to broader macroeconomic conditions. Bitcoin crossed back above $100,000 on May 8 for the first time since January, contributing to a broader recovery in digital assets. As of publication, BTC was trading at $104,407—still slightly below the all-time high of $106,000 set in December.
The total cryptocurrency market capitalization has reached nearly $3.5 trillion, narrowing the gap with its $3.9 trillion record from December 2024. While the inflow pace has cooled from the $2 billion seen in early May and the $3.4 billion in late April, investor demand for crypto exposure remains robust.