Crypto exchange-traded products (ETPs) just hit another historic milestone, with $3.3 billion in inflows during the week ending May 24, bringing year-to-date inflows to $10.8 billion, according to data published by CoinShares on May 26.
This surge in capital reflects renewed investor appetite for digital assets, amid rising macroeconomic uncertainty and shifting interest rate expectations.
All-Time High in AUM Reached Briefly
CoinShares’ Head of Research James Butterfill confirmed that total assets under management (AUM) in crypto ETPs briefly hit $187.5 billion, marking an all-time high.
“We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets,” Butterfill noted in the report.
The data highlights a strong return of institutional interest in cryptocurrencies, as global markets continue to wrestle with inflation, interest rate volatility, and geopolitical risk.
Recovery from Q1 Outflows
Earlier in 2025, crypto investment products saw nearly $7 billion in outflows during a February-March correction, sparked by volatility in Bitcoin prices and regulatory uncertainty in the U.S.
However, inflows began to recover strongly in mid-May, with $785 million added in a single week, bringing total YTD inflows to $7.5 billion by May 16. The latest $3.3 billion weekly injection pushed the new YTD record to $10.8 billion, breaking the previous February high of $7.2 billion.
“This marks a full recovery from early-year losses and positions crypto ETPs for a strong second half of 2025,” Butterfill added.
Global Growth in Crypto Investment Products
The surge is being seen across U.S., European, and Canadian markets, with Bitcoin-focused ETPs leading the way. Ethereum and multi-asset funds also saw modest inflows, reflecting diversified investor strategies.
Key drivers behind the surge include:
- Economic uncertainty in the U.S. post-Moody’s downgrade
- Treasury yield spikes pressuring traditional portfolios
- Institutional adoption of spot Bitcoin ETFs
- Growing interest in digital asset diversification
What This Means for Crypto Markets
The continued growth in crypto ETPs suggests that mainstream investor trust in digital assets is strengthening. As the Bitcoin halving tailwinds, regulatory clarity, and tokenization trends unfold, analysts believe the ETP market could see record-breaking growth in H2 2025.
Conclusion
With $10.8 billion in year-to-date inflows and AUM peaking at $187.5 billion, crypto ETPs are firmly back on investors’ radar. As digital assets gain institutional favor, crypto markets may be entering a new phase of maturity and sustained growth.