Full Recovery for Crypto Funds Following $7 Billion Exodus in February and March

Crypto Investment Products Post $785M Inflows, Reversing Early-Year Outflows

Crypto investment products experienced robust inflows of $785 million last week, bringing total year-to-date inflows to $7.5 billion and fully recouping the nearly $7 billion lost during February and March’s market downturn, according to the latest report from CoinShares.

U.S. investors were the primary contributors, adding $681 million to the inflow tally. Germany followed with $86.3 million, while Hong Kong recorded $24.2 million — its highest weekly inflow since November 2024.

Bitcoin (BTC) products accounted for the majority of last week’s inflows, totaling $557 million. Although this represents a slight decline from the previous week, demand remains steady amid the U.S. Federal Reserve’s continued hawkish signals. Notably, U.S.-listed spot bitcoin ETFs have rebounded significantly after outflows of $3.56 billion in February and $767 million in March, generating nearly $3 billion in inflows in April and $2.64 billion so far this May, based on SoSoValue data.

Short bitcoin products saw inflows for the fourth consecutive week, suggesting that investors are still hedging against potential downside risks.

Among altcoins, ether (ETH) products showed strong growth with $205 million in inflows, marking their highest weekly total since March — a boost likely linked to the successful Pectra upgrade.

Solana (SOL) was the only top crypto product to see net outflows last week, losing just under $1 million.