Crypto Funds Post Minimal Growth as Interest in Ethereum Cools

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The crypto investment product market closed another week in the “green,” but the positive figures mask a sharp cooling of investor enthusiasm. Although inflows have continued for five consecutive weeks, the pace has dropped to local lows.

Inflow Dynamics: A Record Slump and Sharp Recovery

For the reporting period (April 27 to May 1), net inflows into crypto funds totaled $117.8 million. By comparison, this figure reached an impressive $1.2 billion just a week earlier.

The week proved extremely volatile for institutional players:

  • Stagnation Period: From April 27 to April 30, there was a massive capital exodus, with funds losing $619 million.
  • May Surge: May 1 saved the day. In just 24 hours, $737 million was poured into crypto products—one of the highest daily figures in 2026—allowing the week to close in positive territory.

Bitcoin Holds Ground, Ethereum Tips into the Red

Investor interest has become more selective. While capital was distributed across nine different assets last week, this week it focused on only four.

  • Bitcoin (BTC): Remains the primary favorite. Inflows reached $192.1 million, pushing total year-to-date BTC investments past $4.2 billion.
  • Short Bitcoin: Amidst uncertainty, interest in downside instruments grew, with inflows into short positions totaling $6 million.
  • Ethereum (ETH): The second-largest cryptocurrency by capitalization became the main laggard. After three weeks of growth, ETH funds recorded an outflow of $81.6 million.

Geography of Investment: US Loses Lead

The most drastic drop in activity was recorded in the American segment. Inflows in the USA plummeted from $1.1 billion to a modest $47.5 million.

Other regions appeared more stable by comparison:

  • Germany: +$43.8 million
  • Canada: +$16 million

Summary

Total Assets under Management (AuM) remain steady at $155 billion. Despite the overall slowdown, the powerful momentum on May 1 signals that major players are still ready to “buy the dip,” even if their confidence in altcoins—specifically Ethereum—has temporarily faltered.

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