Digital Asset ETPs See $716M Inflows as Bitcoin, Ethereum, and XRP Lead
Digital asset investment products experienced another week of inflows as positive sentiment around major cryptocurrencies continues to attract capital back into the market, according to the latest data from CoinShares.
Market Overview
Weekly inflows into digital asset exchange‑traded products (ETPs) totaled $716 million, bringing the total assets under management (AuM) to $180 billion. Although this is still below the all‑time high of $264 billion, the consistent inflows suggest that investor confidence is gradually returning after a volatile period for crypto markets.
CoinShares noted that digital asset funds have now seen their third consecutive week of modest inflows, indicating a “cautious yet increasingly optimistic” investor base. This trend comes despite mixed price performance following the US Federal Reserve’s recent interest‑rate cut, with trading marked by uneven flows and varying sentiment across assets.
Geographic Distribution
Geographically, inflows were broad‑based but heavily concentrated in a few markets. The US led with $483 million in weekly inflows, followed by Germany with $96.9 million and Canada with $80.7 million. Over a longer timeframe, the US also dominated sentiment with $796 million in inflows last week alone. Germany and Canada remained net positive, with inflows of $68.6 million and $26.8 million, respectively. CoinShares said these three countries have driven the bulk of demand in 2025.
Asset Highlights
Bitcoin remained the largest beneficiary in absolute terms, attracting $352 million in weekly inflows. Notably, short‑Bitcoin investment products recorded outflows of $1.8 million, signaling a further easing of negative sentiment toward the asset. Despite the renewed interest, Bitcoin has been a relative laggard this year, with year‑to‑date inflows of $27.7 billion compared to $41 billion over the same period in 2024.
Ethereum continues to close the gap, recording $338 million in weekly inflows and lifting year‑to‑date inflows to $13.3 billion—a 148 % increase versus 2024, reflecting growing institutional engagement with Ethereum‑based products.
XRP also stood out, drawing $245 million in inflows, while Chainlink posted a record $52.8 million weekly inflow, equivalent to 54 % of its total AuM.
Beyond the major cryptocurrencies, Solana’s year‑to‑date inflows reached $3.5 billion, a tenfold increase compared to 2024, even though recent weekly flows were more muted. Aave and Chainlink recorded smaller weekly inflows of $5.9 million and $4.1 million, respectively.
Selective Outflows
Not all assets benefited, however. Hyperliquid saw weekly outflows of $14.1 million, highlighting that investor appetite remains selective rather than indiscriminate.
Conclusion
Overall, CoinShares said the data points to a market that is stabilizing, with capital gravitating toward large‑cap and established digital assets as confidence slowly returns.
