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Investment products tied to cryptocurrencies attracted $785 million in net inflows last week, extending a five-week streak of positive demand. Global inflows for 2024 now total $7.5 billion, surpassing the previous high of $7.2 billion set in February, according to data from CoinShares.
Bitcoin-focused funds accounted for $557 million of the weekly total, though this marked a drop from the prior week’s $887 million. ETHNews analysts linked the slowdown to concerns over prolonged high U.S. interest rates, which have pressured risk assets broadly. Ethereum products added $205 million, lifting year-to-date inflows to $575 million as sentiment toward the asset improves.
Investors also allocated $5.8 million to short-bitcoin products, which gain value when BTC prices fall. This marks the fourth consecutive week of inflows for bearish bets, suggesting some traders expect a pullback after Bitcoin’s recent climb above $100,000.
The U.S., Germany, and Hong Kong dominated inflows, capturing $681 million, $86 million, and $24 million, respectively. Hong Kong’s total was its largest since November 2024. Conversely, Sweden, Canada, and Brazil saw outflows of $16 million, $14 million, and $4 million. Solana-based funds lost $0.9 million, the only major asset to record net redemptions.
Total assets under management across crypto funds reached $172.9 billion, nearing record levels. Bitcoin traded between $102,000 and $105,000 during the week, while Ethereum dipped 3%. The broader GMCI 30 index, tracking top cryptocurrencies, fell 6%.
James Butterfill, Head of Research at CoinShares, noted the inflows fully offset $7 billion in outflows recorded during a price correction earlier this year. Ethereum’s rebound aligns with speculation about U.S. regulatory approvals for spot ETH ETFs, though final decisions remain pending.
Bitcoin (BTC) – Real-Time Price & Technical Analysis – May 17, 2025
Bitcoin is currently trading at $103,805, reflecting a -2.55% decline on the day, after briefly touching a local high of $107,000 earlier this week. While today’s action represents a healthy retracement, BTC remains in a strong macro uptrend, posting a +22.85% gain in the past 30 days, +12.26% over 6 months, and +55.05% year-over-year. It is now trading just 5% below its all-time high of $109,356, suggesting that momentum remains largely intact.
Technically, BTC is pulling back toward the support range of $101,800–$102,200, where it previously formed a double bottom.
If this zone holds, a bounce toward $106,000–$109,000 is highly probable, with potential to retest and break all-time highs. Volume remains robust, with $64 billion traded in the last 24 hours, and market cap is sitting at $2.06 trillion.
Fundamentally, BTC saw $557 million in inflows this week, although this figure is lower than last week’s, due to hawkish Fed commentary. However, a major development today is that an Australian court officially recognized Bitcoin as “money”, potentially enabling $640 million in tax refunds — a major precedent that could boost institutional sentiment globally.
