Today, CoinShares published its weekly analysis of the crypto market by the Head of Research James Butterfill.
The Digital Asset Fund Flows Weekly by CoinShares analyzes, on a weekly basis, the trends of digital asset inflows globally.
Summary
Enthusiasm at its Peak: the Latest Crypto Market Analysis by CoinShares
The first thing that emerges from this analysis is the global inflows of 2 billion dollars recorded last week in the crypto markets.
This is the third consecutive week of positive flows for digital assets, with Bitcoin absolute
protagonist thanks to its 1.8 billion dollars of inflows in just the last week.
Even Ethereum however recorded the second consecutive week of inflows, with 149 million dollars following the 187 million of the previous week. Solana, on the other hand, recorded moderate inflows, remaining at 6 million dollars.
In total, over the last three weeks, there have been 5.5 billion dollars of inflows, following nine consecutive weeks of negative flows. Adding up all the data from 2025, the total inflows year-to-date rise to 5.6 billion dollars, with the USA leading (1.9 billion) followed by Germany (47 million), Switzerland (34 million), and Canada (20 million).
All this would confirm a new confidence in this asset class.
“`htmlWhy don’t prices rise?
“`All this, however, was not enough to start a new bull run.
In reality, prices in the last two weeks have increased, but it is a rebound after two weeks of strong decline at the beginning of April.
To tell the truth, regarding Bitcoin, the rebound was particularly significant, given that the price has risen to levels not seen since the beginning of March, while for example, for Ethereum, the price has only risen to the level of April 6.
On the other hand, as highlighted well by the CoinShares report, it is primarily Bitcoin that is attracting capital inflows during this period, while altcoins remain somewhat at a standstill.
And so the rally of BTC was important and evident, while that of the altcoins was timid and not particularly significant.
However, if BTC is +13% compared to thirty days ago, and ETH -1%, Solana is +20%, and some minor but top 20 cryptos are doing even better, with SUI at +50%.
In the same period, however, the dominance of Bitcoin has increased from 63% to 65%, certifying the difficulty that altcoins are generally experiencing compared to BTC.
The traditional markets
The macro-economic conditions and traditional financial markets are still influencing the trend of the crypto markets.
Everything at this moment seems to be held in check by the US trade policies of Donald Trump, and by those monetary policies of the US central bank.
In particular tomorrow, Wednesday, May 7, the Fed will announce its decision on interest rates, and if by now it is practically certain that they will remain unchanged, much will depend on the outlook that will be illustrated by President Powell during the traditional press conference.
The fear is that the Fed may keep its monetary policy restrictive for quite a while longer, while the financial markets hope for its easing.
CoinShares
CoinShares defines itself as the leading European investment company specializing in digital assets.
It has been active since 2013, and offers investment solutions and services for both institutional investors and private investors.
The company is a pioneer in the digital asset sector in Europe, as it was the first to launch a Bitcoin ETP in Europe.
CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the USA by the Financial Industry Regulatory Authority.
It is listed on Nasdaq Stockholm with the ticker CS, and on the US OTCQX with the ticker CNSRF.
It landed on the stock market in 2021 in full bullrun with a price of $13.6, and during the subsequent bear-market it reached a minimum peak below $2 in December 2022.
During 2023, it then recorded a good rebound, which continued into 2024. The annual peak of 2025 was reached in February, at $8.6, while it has now fallen back below $6.5.
