Digital asset investment products recorded a significant influx of capital last week, reaching the highest weekly total since October. This occurred even as Bitcoin's price has declined in recent months.
According to a report from digital asset manager CoinShares, crypto investment products attracted $2.17 billion in inflows during the week. This weekly figure represents the largest amount since October 10, 2025.
Data from SoSoValue indicates that U.S. spot Bitcoin exchange-traded funds were the primary driver, contributing approximately $1.42 billion in net inflows last week. BlackRock's IBIT led with $1.03 billion in weekly net inflows. Fidelity's FBTC followed with $194.4 million, then Bitwise's BITB with $75.64 million, Ark Invest and 21Shares' ARKB with $42.50 million, and Grayscale's mini BTC trust with $30.40 million.
By asset, Bitcoin dominated, receiving $1.55 billion in net inflows. This surge coincided with Bitcoin's price climbing above $97,000 last week for the first time since November. However, by Monday morning, the price had fallen below $93,000.
"Despite proposals under the CLARITY Act from the US Senate Banking Committee that could restrict stablecoins from offering yield, Ethereum and Solana still recorded inflows of $496 million and $45.5 million, respectively," wrote CoinShares Head Of Research James Butterfill in the report. XRP and other altcoins, including Sui, Lido, and Hedera, also appeared on the list.
Bitcoin experienced a decline linked to trade war concerns, leading to $865 million in liquidations.
"In the current environment, macro factors and global tension, tariffs, etc., have a larger short-term impact on the market," Nicolai Søndergaard, a research analyst at Nansen, told Decrypt. "As such, even if we are seeing inflows, the crypto market has still taken quite a hit in recent months, and will need more stability before it, in isolation, will perform."
In trending markets, ETFs often serve as a key source of buying pressure. Recently, however, they have acted as a lagging indicator. Last week's surge may therefore be a reaction to buying pressure in early January that briefly pushed Bitcoin toward $97,000.
Bitcoin's drop this week still has potential for recovery. The higher-timeframe market structure remains constructive, showing a pattern of higher lows and higher highs since mid-December 2025.
Users on the prediction market Myriad, owned by Decrypt's parent company Dastan, remain confident. They place an 83.7% chance on Bitcoin recovering to the $100,000 psychological level.
According to CoinGecko data, Bitcoin is down 2.1% over the past 24 hours and is currently trading just below $93,000.