Digital asset products attract nearly $6 billion in one week

TL;DR

• Record inflows: Global digital asset products saw nearly $6 billion in weekly inflows, with the U.S. contributing $5 billion, Switzerland $563 million, and Germany $312 million, reflecting institutional demand amid macroeconomic uncertainty.
• Bitcoin and Ethereum: Bitcoin funds attracted $3.55 billion, including $3.2 billion from U.S. spot ETFs led by BlackRock’s IBIT, pushing Bitcoin to $125,000 with a 10% weekly gain, while Ethereum products added $1.48 billion, tripling last year’s totals.
• Altcoin momentum: Solana set a $706.5 million weekly record and XRP gained $219.4 million, though other altcoins lagged, highlighting selective investor focus on assets with stronger institutional backing.
  

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Global digital asset investment products register their strongest week so far, reaching nearly $6 billion in net inflows, according to CoinShares’ latest report. The surge was mostly due to the market’s late reaction to the U.S. interest rate cut, weak employment data, and government shutdown. Bitcoin and Ethereum lead the charge as momentum drove assets under management to a whopping $254 billion ATH.

Record-breaking inflows across regions

The U.S. dominated the inflow landscape, accounting for $5 billion of the total, setting a new national record. Switzerland also posted a milestone with $563 million in inflows, while Germany followed with $312 million, marking its second-largest weekly tally. The widespread participation underscored a global appetite for digital assets, with institutional investors driving much of the activity. CoinShares noted that the scale of inflows reflected both macroeconomic uncertainty and renewed confidence in crypto as a hedge.

Bitcoin and Ethereum lead the surge

Bitcoin-based funds took the number place, attracting $3.55 billion in inflows. In the U.S. alone, Spot Bitcoin ETFs added $3.2 billion, thanks to BlackRock’s IBIT contributing $1.8 billion. The market responded positively with Bitcoin prices reaching a new record, trading at around $125,000, reporting a 10% weekly gain. Ethereum-based products also had a strong week, netting $1.48 billion in inflows. Year-to-date inflows for Ethereum now stand at $13.7 billion, almost tripling 2024’s total income, thanks to BlackRock’s ETHA ETF leading the charge.

Altcoins join the rally

Beyond the two largest cryptocurrencies, Solana investment products set a new weekly record with $706.5 million in inflows, bringing year-to-date totals to $2.6 billion. XRP funds also attracted $219.4 million, though other altcoins saw limited activity. The data highlighted a selective investor focus, with capital flowing into assets perceived as having stronger institutional support and liquidity.

Market outlook and implications

Record inflows are a consequence of high volatility levels in traditional markets due to current political instability in the U.S. and around the world, which has forced investors to turn to digital assets. The sector has reached new levels of maturity as AuM hit $254 billion. According to experts, if these macroeconomic uncertainties continue to grow, it could sustain momentum for digital assets.