- Weekly inflow into BTC-ETFs slowed from $934.2 million to $603.7 million.
- Demand for products halted the correction after Bitcoin reached a new high since January.
From May 10 to 16, net inflow into cryptocurrency investment funds amounted to $785 million compared to $882 million in the previous period, according to a report by CoinShares.
The positive trend continued for the fifth consecutive week.
Total inflow since the beginning of the year increased to a record $7.52 billion, fully recovering from the outflow observed during the correction in February-March.
AUM rose to $172.9 billion.
In Ethereum funds, inflows surged from $1.5 million to $205 million following the successful Pectra update.
Altcoin products did not share the overall optimism, with Solana-based products seeing an outflow of $0.89 million. In XRP and Sui, inflows continued, amounting to $1.4 million and $11.7 million, respectively.
Instruments based on digital gold saw inflows weaken from $867 million to $557 million. Analysts attributed the slowdown to “hawkish” signals from members of the Fed.
In the segment of U.S. spot Bitcoin ETFs, inflows slowed to $603.7 million. The previous week, investors added $934.2 million to the products.
ETFs as a Support Factor
According to QCP Capital, despite a pullback from $107,000, the price of the leading cryptocurrency remains within its recent range, supported by significant institutional interest.
Asia Colour — 19 May 25
1/ As equities wobble under a cautious Fed and a Moody’s downgrade, Trump is feeling the heat — lashing out at Walmart and even hinting at a trip to China to revive trade talks. But amidst the macro noise, Bitcoin is holding steady.
— QCP (@QCPgroup) May 19, 2025
Analysts believe that the impulse to new highs since late January was triggered by news of Metaplanet purchasing 1004 BTC, with the subsequent correction resulting from profit-taking by market makers.
The liquidation of long positions did not become prolonged due to continued inflows into spot Bitcoin ETFs.
Analysts highlighted that the price of the leading cryptocurrency entered a rally mode amid a decrease in risk appetite in global markets following Moody’s downgrade of the U.S. sovereign rating.
“This reinforces the positioning of digital gold as a capital preservation tool, which […] could serve as a long-term catalyst,” the review states.
Experts noted the persistence of a call skew across the entire option expiration horizon, indicating “structurally bullish prospects” for the asset.
On May 9, a record 9739 BTC was withdrawn from Coinbase since the beginning of the year.
Earlier, CryptoQuant pointed out the lack of prerequisites for “whale” Bitcoin sales.