The US crypto ETFs market is witnessing unprecedented growth, smashing records with a four-week inflow streak that has brought global crypto funds tantalizingly close to their all-time high asset levels. According to the latest data from CoinShares, US crypto ETFs have attracted 6.7 billion in year-to-date inflows, with6.3 billion of that coming in just the past four weeks.
US crypto ETFs dominate global inflows
The US crypto ETFs market has been a major driver of global investment, with cumulative net inflows reaching a staggering 62.9 billion since their launch in January 2024. This surpasses the previous record of 61.6 billion set in February, highlighting the growing institutional and retail interest in cryptocurrency exposure through regulated financial products.
BlackRock’s iShares Bitcoin ETF has been a standout performer, accounting for 1 billion inflow last week alone. Year−to−date, BlackRock has attracted 8.1 billion, far exceeding the industry’s total inflows of $6.7 billion, indicating strong investor confidence in its offerings.
Bitcoin leads the charge as altcoins lag
Bitcoin remains the dominant force in US crypto ETFs, with 867 million inflows last week and year-to-date inflows reaching 6.6 billion. Total assets under management (AUM) for Bitcoin-related products now stand at 146 billion, making up the bulk of the 169 billion global crypto fund market.
Ether ETFs saw modest inflows of 1.5 million, while altcoins showed mixed performances. Sui emerged as a surprising winner with 11.7 million in inflows, whereas Solana experienced outflows of $3.4 million. The disparity underscores investors’ continued preference for Bitcoin in US crypto ETFs over smaller, more volatile assets.
Global crypto funds near all-time high AUM
The sustained demand for US crypto ETFs has pushed global crypto fund AUM to 169 billion, just 2.5173.3 billion recorded in late January. This resurgence comes after a period of cooling inflows, with last week’s 882 million in new investments marking a slowdown from the 2 billion and $3.4 billion seen in previous weeks.
Despite the slight dip in weekly inflows, the broader trend remains bullish. Analysts attribute the momentum to macroeconomic factors, including rising global money supply and increasing adoption of Bitcoin as a reserve asset by US states.
BlackRock outperforms as Grayscale struggles
While US crypto ETFs as a whole are thriving, performance varies significantly among issuers. BlackRock’s dominance contrasts sharply with Grayscale, which saw 168 million in outflow last week. Bitwise also struggled with 27 million in outflows, while Fidelity and ARK Invest reversed previous losses with 62 million and 46 million in inflows, respectively.
This divergence suggests that investors are becoming more selective, favoring established players with strong track records in the US crypto ETFs space.
Bullish momentum fueled by macroeconomic trends
The recent surge in US crypto ETFs coincides with Bitcoin reclaiming the 100,000 mark for the first time since January. The broader crypto market cap has climbed to 3.5 trillion, though it remains below the December 2024 peak of $3.9 trillion.
James Butterfill, Head of Research at CoinShares, provided a detailed breakdown of the forces driving the record inflows into US crypto ETFs. In a May 12 fund flows report, he stated:
“The sharp increase in both prices and inflows is a result of a perfect storm—global M2 money supply expansion, stagflationary concerns in the US, and growing institutional adoption, including state-level Bitcoin reserve policies. Investors are increasingly viewing US crypto ETFs as a hedge against macroeconomic uncertainty while capitalizing on Bitcoin’s long-term growth potential.”
Butterfill’s analysis aligns with recent trends:
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Expanding money supply (M2 growth)
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Stagflation risks in the US economy
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Institutional adoption, including state-level Bitcoin reserve policies
With Bitcoin currently trading around 104,407—just below its all-time high of 106,000—market sentiment remains optimistic. As US crypto ETFs continue to attract record inflows, the stage is set for potential new milestones in the coming months.
The road ahead for US crypto ETFs
The sustained demand for US crypto ETFs shows the market is maturing, making institutional and retail investors alike increasingly comfortable with digital assets. As macroeconomic uncertainty persists, cryptocurrencies and the ETFs that track them are likely to remain a focal point for investors seeking diversification and growth.
With BlackRock leading the charge and Bitcoin maintaining its dominance, the US crypto ETFs market shows no signs of slowing down. If current trends hold, analysts believe that global AUM could soon surpass its previous all-time high, cementing crypto’s place in mainstream finance.
