Bitcoin Surges as Institutions Pour $1.2 Billion into Crypto Products in Record Streak

Crypto investment products recorded $1.2 billion in inflows last week, capping three straight weeks above $1 billion and a fourth consecutive positive week overall.

According to CoinShares data, Bitcoin pulled $933 million of that total, Ethereum added $192 million, and the US accounted for $1.1 billion of regional demand. Total assets under management climbed to $155 billion, the highest reading since Feb. 1, though still below the October 2025 peak of $263 billion.

CoinShares attributed the three-week streak to improving institutional demand while flagging the Apr. 28-29 FOMC decision as a source of marginal caution.

Demand Trends and Market Signals

Crypto investment products recorded $1.1 billion, $1.4 billion, and $1.2 billion in weekly inflows from Apr. 13-27, bringing total assets under management to $155 billion.

The inflow data converges with signals from several other channels simultaneously, which is what distinguishes it from a single-report anomaly.

• Regulated derivatives: CME reported that its average daily volume of crypto rose from 191,000 to 310,000 contracts year over year in the first quarter, with average daily open interest reaching 313,900 contracts, up 25% from the first quarter of 2025. Open interest at that level means capital is staying in the marketplace, pointing to a longer-horizon positioning posture.
• Blockchain equity ETFs: The CoinShares report noted that blockchain equity ETFs have taken in $617 million over the past three weeks, reinforcing the view that institutions are buying infrastructure exposure alongside direct coin positions.
• Corporate treasury accumulation: Strategy's Apr. 27 SEC filing shows another 3,273 BTC purchased during Apr. 20-26, bringing its total to 818,334 BTC at an aggregate cost of $61.8 billion, according to Bitcoin Treasuries. Hong Kong-listed Bitfire is targeting over 10,000 BTC for a regulated “Alpha BTC” strategy within a year, while Avenir held $908 million of BlackRock's IBIT at the end of 2025.

The geographic spread—comprising US corporate treasuries, regulated Asian asset management, and global investment products all moving in the same direction—gives the demand recovery a structural quality that a single weekly inflow report could not establish on its own.

DefiLlama puts the total stablecoin market cap at roughly $320.7 billion, up 1.73% over 30 days, meaning the on-ramp infrastructure for deploying capital into Bitcoin is expanding.

Market Structure and Potential Risks

Market structure adds a layer that prevents demand recovery from being read as settled.

Glassnode's Apr. 22 report placed Bitcoin back above the True Market Mean at $78,100, with the short-term holder cost basis at $80,100 now serving as the immediate resistance ceiling.

ETF flows had turned modestly positive again, and spot demand showed early signs of recovery. Glassnode also reported that short-term holders realized profit had spiked to $4.4 million per hour, nearly three times the $1.5 million threshold that marked prior local tops this year.

At that rate, recent buyers are locking in gains at a pace the market has historically struggled to absorb without a pause or pullback.

Glassnode's spot breakdown noted that Binance's cumulative volume delta (CVD) drove much of the recent buying, while Coinbase data was not fully available at the time of reporting.