Bitcoin Drives Crypto ETP Revenue Over $2 Billion: CoinShares
Crypto investment products continued to gather steam last week, with fund flows increasing weekly so far in 2026 and posting their biggest gains since October.
Crypto exchange-traded products (ETPs) generated $2.17 billion in revenue last week, European crypto asset manager CoinShares reported on Monday.
Most of the inflows came earlier in the week, but Friday saw a $378 million shift in foreign sentiment amid Greenland's geopolitical developments and hot tariff worries, said James Butterfill, head of research at CoinShares.
The analyst added: “Sentiment is also clouded by suggestions that Kevin Hassett, a leading contender for the next US Fed chairman and prominent policy dove, could continue in his current role.”
Bitcoin leads with $1.6 billion in revenues.
Much of last week's crypto fund gains were focused on Bitcoin (BTC), which attracted $1.55 billion in inflows, or more than 71% of the total weekly load.
Ether (ETH) funds brought in $496 million, followed by XRP (XRP) and Solana (SOL) funds, pulling in $70 million and $46 million, respectively. Smaller altcoins such as Sui (SUI) and Hedera (HBAR) recorded revenues of $5.7 million and $2.6 million respectively.
CoinShares' Butterfill added that Ether and Solana revenues could limit the supply of stablecoins despite CLARITY Act proposals in the US Senate Banking Committee.
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Multi-asset and short Bitcoin investment products were the only two categories to record monthly outflows as of Friday, totaling $32 million and $8.6 million.
All major issuers saw significant gains last week, with BlackRock's iShares exchange-traded fund (ETFs) leading the pack with $1.3 billion in revenue. Gray investment and loyalty investments followed at $257 million and $229 million, respectively.
Geographically, the U.S. led the inflow with $2 billion, while Sweden and Brazil had smaller inflows of $4.3 million and $1 million, respectively.
With the latest inflows, total assets under management of crypto funds rose above $193 billion for the first time since early November.
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