The head of research at CoinShares stated that institutional investors do not seem to be as significant as individual investors.

Author: André Beganski

Translation: Deep Tide TechFlow

Summary

According to CoinShares' research, investors poured $3.4 billion into digital asset investment products last week.

The previous week, year-to-date inflows were only $171 million, following a period of sustained outflows.

Bitcoin accounted for 93% of last week's inflows.

According to a report from cryptocurrency asset management firm CoinShares, investors invested $3.4 billion into digital asset investment products last week, buying shares of spot Bitcoin exchange-traded funds (ETFs) as the turmoil caused by tariffs gradually subsided.

This marks the third-best performance week in the history of crypto funds, including those tracking popular altcoins like Ethereum, Solana, and XRP. The previous week, year-to-date inflows were only $171 million, following a period of sustained outflows.

"We have now reached $3.5 billion, recovering from a state close to zero," CoinShares' head of research James Butterfill told Decrypt, "I think this is cautiously optimistic."

Last week, Bitcoin first broke $95,000, and since U.S. President Trump announced "reciprocal" tariffs, Bitcoin accounted for 93% of last week's inflows, followed by Ethereum and XRP, which attracted $183 million and $31 million, respectively.

Despite crypto funds experiencing one of the best weeks in history, Butterfill noted that year-to-date inflows have reached $7.4 billion, indicating that at least one more week of strong inflows is needed to fully return the adoption trend to positive territory.

Through so-called basis trading, institutions can take advantage of the difference between the spot price of an asset and the futures market price. Butterfill pointed out that institutional participation in Bitcoin has increased, but the recent growth has only been moderate.

As asset trading prices are far above the levels seen on April 2—when Trump threatened to impose tariffs on most countries—it seems that institutional investors are taking a back seat while individual investors continue to push for allocations, Butterfill added.

Last year, crypto funds attracted $29 billion, primarily due to the U.S. approval of spot Bitcoin ETFs driving this historic performance. However, with Trump's tariffs sparking uncertainty about the global economic outlook, it remains uncertain whether the rapid growth momentum of last year can be sustained.

Butterfill stated that when institutional investment managers submit their next round of 13F filings in mid-May, the public will have a clearer understanding of Wall Street's stance, as these filings will make their recent investment activities and holdings more transparent.

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