Digital asset funds recorded $117.8 million in inflows this week, extending a five-week streak of net positive flows, although this was the smallest weekly increase during that period. The overall figure reflects a late-week recovery after several days of heavy outflows.
From Monday through Thursday the market experienced $619 million in withdrawals across four consecutive sessions. That trend reversed sharply on Friday, when $737 million flowed into digital asset funds in a single day, enough to push the weekly balance back into positive territory.
Friday Saves the Week
CoinShares reported that Friday’s inflow was among the largest single-day inflows recorded in 2026, likely signaling a marked improvement in investor risk appetite. Total assets under management remained roughly stable at $155 billion.
Bitcoin-related investment products attracted over $192 million during the week, bringing year-to-date inflows to $4.2 billion. Despite this gain, weekly Bitcoin inflows remain below recent weekly averages, which have hovered near $1 billion.
A minority of investors appear to be positioning for a decline in BTC: Short Bitcoin products saw $6 million of inflows. Multi-asset products took in $3.6 million, and XRP-focused funds drew about $3 million. Ethereum experienced significant outflows, with $81.6 million withdrawn, ending a three-week run of gains that had surpassed $190 million per week. Solana also registered outflows of more than $11 million.
In its latest Digital Asset Fund Flows Weekly Report, CoinShares noted:
“The narrowing in participation from nine assets to four this week is the clearest signal that sentiment softened through the working week before recovering on Friday.”
Regionally, the United States saw inflows of $47.5 million, a sharp decline from the $1.1 billion recorded the previous week as flows slowed over the course of the week. Germany attracted $43.8 million, while Canada added $16 million, indicating steadier demand in those markets. Switzerland and Australia recorded smaller inflows of $5.2 million and $4 million, respectively.
Choppy Trading Sessions Ahead?
Bitcoin has started May strongly after rising above $80,000 for the first time since January 31. Singapore-based QCP Capital observed in a note to investors that Bitcoin’s correlation with U.S. equities is climbing back toward 2023 levels, suggesting a renewed connection between BTC and broader risk assets.
Notably, BTC’s recent rally occurred even as Strategy paused its purchases, which could imply that market strength is being supported by a broader base of participants rather than a single narrative. Institutional demand remains steady, but QCP highlighted that maintaining levels above the $82,000–$83,000 range will be important for the rally’s continuation.
Implied volatility is trading near yearly lows and the VIX is around 17, indicating that markets are largely looking past geopolitical concerns for now. Nevertheless, conditions remain fluid. Upcoming labor data and earnings reports from major firms such as Strategy, Coinbase, and Block could introduce volatility and lead to choppier trading sessions in the near term.