Crypto ETPs Surge $1.1B: What’s Fueling the Biggest Rally Since January?

Ever wonder if crypto is finally catching its second wind, or just teasing us with a brief flirtation? Last week’s $1.1 billion inflow into global crypto exchange-traded products—the strongest since January—sure feels like more than just a blip. Bitcoin, leading the charge with a hefty $871 million, is clawing back its territory, peaking around $73,000 even as the overall market mood stays a bit gloomy. It’s like watching a thrilling comeback scene, where institutional investors seem to be saying, “We’re still in this game,” despite the jitters in spot markets. And while Ether’s making a comeback from a rough patch, it’s still playing catch-up year-to-date. What’s really pulling these strings? A mix of easing geopolitical tensions and softer US economic data, apparently. So, can this momentum hold, or is it just a brief reprieve before the next shuffle? Dive deeper and get the full scoop right here. LEARN MORE.

Cryptocurrency investment products clocked significant inflows last week, marking their strongest weekly gains since January.

Global crypto exchange-traded products (ETPs) logged $1.1 billion in inflows last week, with Bitcoin (BTC) leading the gains with $871 million in inflows, CoinShares reported on Monday.

The inflows marked the second-biggest weekly gains in 2026 so far, following only the $2.17 billion in weekly inflows recorded in mid-January.

*Weekly crypto ETP flows (in millions of US dollars). Source: CoinShares*

CoinShares’ head of research, James Butterfill, attributed the spike in inflows to a rebound in investor risk appetite following tentative ceasefire developments in Iran, alongside support from softer-than-expected US inflation and spending data.

The inflows came amid volatility in spot markets, with BTC reclaiming $70,000 and briefly topping $73,000 last week, even as broader market sentiment remained negative, underscoring sustained institutional demand and resilience in regulated investment products.

Ether ETP flows rebound, but year-to-date inflows are still negative

Ether (ETH) ETPs saw a strong rebound in sentiment with around $196.5 million in inflows, the first inflows after three consecutive weeks of outflows.

Despite the gains, Ether remains one of the only assets in a net outflow position year-to-date, at $130 million. In contrast, Bitcoin sits on the largest inflows this year so far at $1.9 billion and accounts for around 83% of the $2.3 billion in total crypto ETP inflows year-to-date.

*Crypto ETP flows by asset (in millions of US dollars). Source: CoinShares*

Although Bitcoin ETPs posted significant inflows, short-Bitcoin investors were also active last week, with weekly inflows totaling $20 million, their largest weekly inflows since November 2024, Butterfill noted.

Among other gains, XRP (XRP) ETPs posted inflows of around $19 million. Solana (SOL) saw minor outflows of $2.5 million.

Regionally, positive sentiment was almost entirely concentrated in the US, which saw inflows of $1 billion, accounting for 95% of net weekly inflows. The majority of Bitcoin ETP inflows were driven by US spot BTC exchange-traded funds, which posted $786.3 million in inflows last week, according to SoSoValue data.

Germany recorded inflows of $34.6 million, while Canada and Switzerland saw more modest inflows of $7.8 million and $6.9 million, respectively.

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