What happened?
Digital asset investment products saw $921 million in net inflows last week, with Bitcoin leading the charge and overall ETP trading volumes jumping to about $39 billion. Bitcoin products drew the largest share of demand while spot Ethereum products recorded their first outflows in several weeks. The inflows came as softer U.S. inflation data renewed hopes for interest-rate cuts later this year.
Who does this affect?
This affects crypto investors—both retail and institutional—who are reallocating between Bitcoin, Ethereum, and other tokens based on changing sentiment. It also matters to ETF and ETP issuers like BlackRock, Fidelity and others, who see asset growth or redemptions that change AUM and product flows. Regional markets are impacted too, with the U.S. and Germany showing large inflows while some places like Switzerland saw outflows tied to provider transfers.
Why does this matter?
These flows signal shifting investor sentiment tied to macro data and potential Fed rate cuts, which can drive crypto price moves and volatility. Big inflows into Bitcoin ETFs boost liquidity and market influence for BTC while Ethereum outflows suggest rotation and could weigh on ETH performance relative to Bitcoin. Overall, rising ETP volumes and continued ETF adoption point to deeper institutional participation, which can amplify price trends and change how the market reacts to macro news.