In a remarkable shift toward optimism in the cryptocurrency sector, investment products based in the United States have accumulated over $7.5 billion in inflows as of 2025. Recent reports indicate that the market is experiencing its fifth consecutive week of net positive inflows, reflecting escalating investor interest in digital assets.
According to a May 19 report by CoinShares, US-based crypto investment products attracted an impressive $785 million last week alone, bringing the year-to-date (YTD) total to a substantial $7.5 billion. This reversal in trend is noteworthy, especially following an earlier period where nearly $7 billion in outflows occurred during the months of February and March.
The bulk of these inflows have originated from the United States, which accounted for $681 million. Other notable contributions came from Germany at $86.3 million, and Hong Kong with $24.4 million.
This resurgence in investor enthusiasm for cryptocurrencies can be linked to recent geopolitical developments. A significant factor that has contributed to this recovery was the White House’s announcement on May 12 regarding a 90-day pause on additional tariffs, which included a 24% reduction in import tariffs between the US and China.
Following this announcement, Coinbase experienced a remarkable outflow of nearly 9,739 Bitcoin, valued at over $1 billion. This record withdrawal underscores the growing institutional appetite for cryptocurrencies, indicating that interest among larger investors is accelerating, as noted by Bitwise’s head of European research, André Dragosch.
Ethereum Takes the Lead
Among the various assets, Ethereum (ETH) has emerged as the top performer, drawing $205 million in inflows just last week. This achievement brings its total YTD inflows to over $575 million. The report attributes this surge in investment to enhanced investor confidence following the successful Pectra upgrade and the recent appointment of co-executive director Tomasz Stańczak.
After overcoming initial delays, the Pectra upgrade was successfully deployed on Ethereum’s mainnet on May 7, bringing forth significant enhancements such as higher staking limits and account abstraction via EIP-7702.
In contrast, Solana (SOL) faced a downturn, experiencing net outflows amounting to $890,000 in the past week.
Continuing this trend of innovation, Ethereum co-founder Vitalik Buterin has also recently published a proposal aimed at improving the scalability of Ethereum while ensuring trustless and censorship-resistant access for users running personal nodes. This plan could significantly alleviate the data management challenges currently faced by Ethereum nodes.
As we continue to monitor these developments, it is clear that the landscape for cryptocurrency investment is evolving rapidly, with opportunities and challenges arising in equal measure. Investors remain vigilant, drawn by the potential that digital assets hold in the modern financial ecosystem.
