TL;DR
- Record inflows: Global Digital Asset investment products brought in $3.17 billion last week, lifting 2025 inflows to $48.7 billion despite a historic $20 billion liquidation event that briefly drove some tokens to zero.
- Bitcoin dominance: Bitcoin-based Digital Asset funds secured $2.67 billion, with U.S. spot ETFs alone adding $2.71 billion, while U.S. products overall contributed $3.01 billion, reinforcing their leadership in global flows.
- Ethereum dynamics: Ethereum Digital Asset products gained $338.3 million, but Friday’s $172 million outflows highlighted investor caution, as Solana and XRP inflows cooled despite anticipation of upcoming U.S. ETF launches.
Global Digital Asset investment products managed by firms including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares generated $3.17 billion in net inflows last week, according to CoinShares. The surge lifted year-to-date inflows to $48.7 billion, already surpassing last year’s record, despite a chaotic end to the week marked by cascading liquidations that erased billions in market value.
Historic Inflows Defy Market Turmoil
CoinShares data showed that Digital Asset inflows reached the second-highest weekly total ever, even as at least $20 billion of positions were liquidated on Friday. Some tokens briefly collapsed to zero, marking the largest liquidation event in crypto history. Still, major assets proved resilient, with Bitcoin and Ethereum falling only 6.8% and 8.3% over the week. CoinShares’ James Butterfill noted that Friday’s outflows were limited to $159 million, underscoring investor conviction in Digital Asset markets.
Record Trading Volumes and AUM Shift
Weekly trading volumes in Digital Asset ETPs surged to $53 billion, more than double the 2025 average. Friday alone set a record with $15.3 billion in turnover. However, total assets under management slipped 7% from last week’s peak to $242 billion following President Trump’s tariff announcement, though his comments were later softened. Butterfill highlighted that volumes during Friday’s correction hit $10.4 billion, the highest ever recorded for Digital Asset products.
Bitcoin and U.S. Funds Lead the Charge
Bitcoin-based Digital Asset funds attracted $2.67 billion, bringing year-to-date inflows to $30.2 billion. U.S. spot Bitcoin ETFs alone saw $2.71 billion in net inflows, offsetting regional outflows. U.S.-based products dominated overall, accounting for $3.01 billion, while Switzerland and Germany added $132 million and $53.5 million. In contrast, Sweden, Brazil, and Hong Kong recorded outflows, reflecting uneven global sentiment.
Ethereum and Altcoin Dynamics
Ethereum Digital Asset products added $338.3 million last week, pushing year-to-date inflows near $14 billion. Yet Friday saw $172 million in outflows, the largest of any asset, suggesting vulnerability during corrections. U.S. spot Ethereum ETFs contributed $488.2 million but lost $174.9 million on Friday. Meanwhile, inflows into Solana and XRP products cooled to $93.3 million and $61.6 million, despite anticipation of upcoming U.S. ETF launches.
