Ethereum and Solana saw notable exits, while Bitcoin and smaller assets helped stabilize flows during a volatile week for crypto funds.
Digital asset funds recorded inflows of $117.8 million, continuing a five-week streak, although this was the smallest weekly gain in that period. The total number indicates delayed recovery.
Earlier in the week, from Monday to Thursday, the market saw outflows of $619 million over four consecutive days. The sharp reversal came on Friday, with $737 million entered in one day, managing to turn the weekly balance positive.
Friday preserves the week
Currency stocks male This is one of the largest daily flows recorded in 2026, he added, “likely reflecting a sharp improvement in risk appetite.” Meanwhile, total assets under management stabilized at $155 billion.
Bitcoin-related investment products attracted more than $192 million last week, bringing their total for the year to $4.2 billion. This number is still below recent weekly averages of close to $1 billion.
A small group of investors is still anticipating a decline in Bitcoin as short Bitcoin products generated $6 million in inflows. Multi-asset products brought in $3.6 million, while XRP recorded $3 million during the same period. Ethereum, on the other hand, saw an $81.6 million exit, snapping a three-week streak of gains above $190 million. Solana also followed suit with outflows of more than $11 million.
In its latest weekly digital asset fund flows report, CoinShares said:
“The narrowing of participation from nine assets to four this week is the clearest sign of softening sentiment during the business week ahead of a recovery on Friday.”
The United States brought in $47.5 million, well below the $1.1 billion seen the previous week amid a slow week. In contrast, Germany raised $43.8 million, while Canada added $16 million, indicating stable demand. Elsewhere, Switzerland and Australia recorded lower inflows of $5.2 million and $4 million.
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Volatile trading sessions ahead?
Bitcoin entered May on a strong note, then break Above $80,000 for the first time since January 31. In a recent note to investors, Singapore-based QCP Capital Notice Bitcoin’s correlation with US stocks is rising again towards 2023 levels, in what appears to be a renewed correlation with broader risk assets.
Interestingly, Bitcoin’s rise came even as the strategy paused its purchases, which may indicate that “the market may be drawing strength from a broader support base beyond that single narrative.” Institutional demand also remains steady. However, QCP noted that stability above the $82,000 to $83,000 range is important to continue.
Implied volatility is near yearly lows, while the VIX is around 17, which essentially means markets are largely looking to ex-ante geopolitical risks. However, the situation remains “fluid.” Business and earnings data coming from Strategy, Coinbase, and Block can do just that Driving to fluctuations during the coming sessions.
