Wall Street’s Crypto FOMO: Institutions Dump $882M Into Digital Assets in One Week

Hedge funds and asset managers just went all-in on crypto—throwing nearly a billion dollars at Bitcoin and altcoins while retail investors scrambled to catch up. The sudden institutional stampede signals growing mainstream acceptance... or maybe just fear of missing the next bull run.

Behind the numbers: CoinShares reports the largest weekly inflow since 2021, with Bitcoin grabbing 90% of the action. Ethereum saw minor interest while altcoins remained institutional wallflowers—proving even in decentralization, big money follows the herd.

Bonus jab: Nothing unites bankers and anarchists like the smell of fresh 100x leverage. The revolution will be collateralized.

US Bitcoin ETFs reach record cumulative net inflows

According to the CoinShares report, US spot bitcoin ETFs have surpassed $62.9 billion in cumulative net inflows since launching in January 2024. This eclipses the $61.6 billion record set in February.

The ETFs’ strong performance continued last week, as their issuers collectively received $867 million in fresh inflows.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, recording 19 consecutive days of positive inflows. Over this stretch, the fund attracted over $5 billion in new funds while outperforming the largest gold-backed ETF in capital raised this year.

Meanwhile, the ETF’s strong performance contributed to US-based crypto investment products pulling in $840 million. Germany follows this with $44.5 million and Australia with $10.2 million.

In contrast, Canada and Hong Kong recorded outflows of $8 million and $4.3 million, respectively.

Sui outperforms Ethereum

On the altcoin front, sui outshone its peers, pulling in $11.7 million in fresh inflows last week. Year-to-date, Sui has attracted $84 million in fresh capital, surpassing Solana’s $76 million.

This performance is quite notable considering Ethereum’s sharp 30% rally during the period and the completion of its highly anticipated Pectra upgrade.

However, ETH-based financial investment vehicles only drew net inflows of $1.5 million.

Meanwhile, XRP also saw positive movement, recording $1.4 million in inflows during the week. Its total inflows for the year now stand at $258 million.