TL;DR
- Regional dominance: The US led with $796M in Digital Asset inflows, supported by Germany at $68.6M and Canada at $26.8M.
- Bitcoin vs Ethereum: Bitcoin-based products attracted $522M, while short-Bitcoin funds lost $1.8M, signaling improving confidence.
- Altcoin trends: Solana added $65M last week, bringing YTD inflows to $3.5B, a tenfold rise from 2024. XRP funds gained $46.9M, while Aave and Chainlink saw $5.9M and $4.1M.
Digital asset investment products recorded $864M in inflows last week, marking the third consecutive week of positive momentum. CoinShares highlighted that this trend reflects a cautious yet increasingly optimistic investor base. Despite the recent interest rate cut by the US Federal Reserve, price performance remained subdued, with trading days showing mixed sentiment and uneven flows.
Regional Leaders in Fund Flows
The United States led with $796M in inflows, underscoring its dominant role in global crypto markets. Germany contributed $68.6M, while Canada added $26.8M. Together, these three countries accounted for 98.6% of year-to-date inflows, reinforcing their status as the primary drivers of digital asset fund growth in 2025. CoinShares noted that regional concentration has been a defining feature of the year’s market activity.
Bitcoin Sentiment Recovery
Bitcoin-based products attracted $522M in inflows, while short-Bitcoin funds saw $1.8M in outflows, signaling improving sentiment. Still, Bitcoin remains a relative laggard, with YTD inflows of $27.7B compared to $41.6B in 2024. US spot Bitcoin ETFs contributed $286.6M, led by BlackRock’s IBIT with $214.1M. CoinShares emphasized that while flows are positive, Bitcoin’s performance continues to trail its prior-year benchmarks.
Ethereum and Altcoin Strength
Ethereum products recorded $338M in inflows, lifting YTD totals to $13.3B, a 148% increase from 2024. US spot Ethereum ETFs added $209.1M, led by BlackRock’s ETHA fund. Solana inflows reached $65M last week, bringing YTD totals to $3.5B, a tenfold rise from 2024. XRP funds attracted $46.9M, while Aave and Chainlink gained $5.9M and $4.1M, respectively. In contrast, Hyperliquid products posted $14.1M in outflows, reflecting selective investor appetite across altcoins.
Market Outlook
CoinShares Head of Research James Butterfill noted that inflows reflect cautious optimism rather than exuberance. Assets under management rose to $180B, still below the $264B all-time high. The uneven response to the Fed’s rate cut underscores lingering uncertainty, yet the persistence of inflows across major regions and assets suggests investors are gradually regaining confidence in digital asset markets.
