Ethereum and Solana saw notable exits, while Bitcoin and smaller assets helped stabilize flows in a volatile week for crypto funds.
Flows into digital asset funds totaled $117.8 million, the fifth consecutive weekly increase, but the smallest weekly increase over the same period. Overall figures showed the recovery has been slow.
From Monday to Thursday earlier this week, the market saw $619 million in outflows for four consecutive days. A sharp reversal occurred on Friday, with $737 million inflows in one day, and the weekly balance managed to turn positive.
Friday saves the week
CoinShares said this was one of the largest single-day inflows recorded in 2026 and “likely reflects a sharp improvement in risk appetite.” Meanwhile, total assets under management remained unchanged at $155 billion.
Bitcoin-related investment products have raised more than $192 million in the past week, bringing the annual total to $4.2 billion. This figure is still below the recent weekly average of nearly $1 billion.
A minority of investors still expect BTC to fall as short Bitcoin products attracted $6 million in inflows. Multi-asset products brought in $3.6 million, while XRP hit $3 million in the same period. Meanwhile, Ethereum ended its three-week run of gains of over $190 million with an exit of $81.6 million. Solana followed suit, draining more than $11 million.
In its latest Digital Asset Fund Flow Weekly Report, CoinShares said:
“This week’s decline in participating assets from nine to four is the clearest indication that sentiment softened throughout the trading week before recovering on Friday.”
U.S. inflows were $47.5 million, well below the previous week’s $1.1 billion amid this week’s economic slowdown. In contrast, Germany accumulated $43.8 million and Canada added $16 million, indicating steady demand. Elsewhere, Switzerland and Australia recorded smaller inflows of $5.2 million and $4 million.
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Will volatile trading sessions continue?
Bitcoin entered May on a strong note, topping $80,000 for the first time since January 31st. In a recent note to investors, Singapore-based QCP Capital noted that the correlation between Bitcoin and U.S. stocks has risen again towards 2023 levels, showing a new relationship with a broader range of risk assets.
Interestingly, BTC’s rise comes even as Strategy suspends its purchases, which could indicate that the market “may be drawing strength from a broader constituency beyond its single narrative.” Corporate demand also remains stable. However, QCP noted that it is important to maintain levels above the $82,000 to $83,000 range for continuity.
Implied volatility is near yearly lows and the VIX index is around 17, which essentially means the market is largely avoiding geopolitical risks. Nevertheless, the situation remains “fluid”. Upcoming labor statistics and earnings from Strategy, Coinbase, and Block could make future sessions volatile.
