$857.9M flows into crypto funds

CoinShares said on May 11 that digital-asset investment products recorded $857.9 million of net inflows in the latest week, extending a six-week run of positive flows and pushing total assets under management to $160 billion. The report, which covered the week through May 9, said bitcoin products accounted for $706.1 million of the total, while ethereum products took in $77.1 million and solana products $47.6 million. The figure circulated widely on X over May 17-18, but the underlying number came from CoinShares’ weekly fund-flows report rather than a new filing or exchange disclosure. CoinShares said the weekly total was the largest since April 24 and linked the move to improving sentiment around U.S. crypto legislation and bitcoin’s move back above $80,000 during the week. ### Where did the $857.9 million number come from? CoinShares published the figure in its May 11 “Digital asset fund flows” report. (coinshares.com) The asset manager said the inflows were spread across exchange-traded products and other investment vehicles that track digital assets, not direct spot-market purchases by retail traders. The same report said U.S.-listed products brought in $776.6 million, compared with $50.6 million for Germany, $21.1 million for Switzerland and $5 million for the Netherlands. (coinshares.com) Sweden was not listed among the inflow leaders in the excerpted report, while multi-asset products were the only material category to show outflows, at $5.5 million. ### Which assets absorbed most of the money? Bitcoin products took the largest share, with $706.1 million of inflows, according to CoinShares. (coinshares.com) The report said year-to-date inflows into bitcoin products reached $4.9 billion. Ethereum products posted $77.1 million of inflows after the previous week’s $81.6 million of outflows, CoinShares said. Solana products drew $47.6 million and XRP products $39.6 million, which CoinShares described as a broadening of altcoin participation. (coinshares.com) Short-bitcoin products moved the other way. CoinShares said those vehicles saw $14.4 million of outflows, the largest weekly outflow this year, which it said suggested investors were unwinding hedges as prices rose. (coinshares.com) ### What did CoinShares say was driving the inflows? CoinShares said improving sentiment around the CLARITY Act compromise helped lift demand for crypto investment products. The firm pointed to senators Thom Tillis and Angela Alsobrooks releasing final compromise text on stablecoin yield on May 1 and resisting banking-industry pushback on May 4. (coinshares.com) Bitcoin’s price action also featured in the report. CoinShares said bitcoin broke above $80,000 on Monday of that reporting week, reaching its highest level since the February correction. (coinshares.com) ### Why were Japan’s brokers part of the discussion? Nikkei Asia reported on May 17 that SBI Securities and Rakuten Securities are developing crypto investment trusts in-house and plan to sell them directly to retail investors once Japan’s rules are finalized. (coinshares.com) The report said Nomura, Daiwa, SMBC and Mizuho-linked Asset Management One were also weighing entry after the regulatory framework is settled. The Block, citing Nikkei, said Japan’s Financial Services Agency is aiming to add crypto to the Investment Trust Act’s “specified assets” list by 2028. (coinshares.com) CoinDesk separately reported that SBI Securities and Rakuten Securities plan to offer cryptocurrency investment trusts once the framework is in place. ### What comes next in the flow story? CoinShares said on May 11 that a Senate Banking Committee markup was expected in the following week, making Washington’s legislative calendar one of the next checkpoints for investors tracking fund flows. (theblock.co) The next CoinShares weekly report will show whether the six-week inflow streak extended beyond the May 9 reporting period. (coinshares.com)