The digital asset market extended its seven-week streak of inflows with $286 million flowing into crypto investment products last week, bringing the year-to-date total to $10.9 billion, according to CoinShares' latest weekly report. Despite this momentum, the total value of assets under management (AUM) dipped from $187 billion to $177 billion, reflecting broader market corrections amid rising macroeconomic uncertainty.
James Butterfill, head of research at CoinShares, highlighted that growing economic concerns in the U.S. are playing a pivotal role in shaping investor behavior. A recent federal court decision to temporarily reinstate Trump-era reciprocal tariffs reignited market volatility, prompting investors to reassess risk exposure and rebalance portfolios.
Even amid turbulence, U.S.-based crypto investment products remained the top destination for capital, attracting $190 million in net inflows. Germany followed closely with $42.9 million, while Australia saw $21.5 million in new investments. Hong Kong also emerged as a standout performer, recording $54.8 million in fresh inflows—the highest since the launch of local crypto ETFs.
In contrast, Switzerland experienced significant outflows of $32.8 million, joining Sweden and Brazil, which saw weekly losses of $4 million and $3.2 million respectively.
Ethereum Leads With Record $321 Million Inflow
Ethereum stole the spotlight last week, drawing the largest inflows across the entire digital asset landscape. Investment products tied to ETH attracted $321 million, surpassing Bitcoin for the first time in weeks and signaling a notable shift in market sentiment.
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This marks Ethereum’s sixth consecutive week of positive flows, accumulating $1.19 billion in total inflows since late 2024—the strongest sustained run since the previous bull cycle. The surge reflects growing confidence in Ethereum’s ecosystem, particularly around upcoming protocol upgrades, increased Layer-2 adoption, and strengthening institutional interest.
Meanwhile, Bitcoin, which had enjoyed six weeks of consistent inflows, saw a sudden reversal with $8 million** in outflows. The shift was largely driven by weakness in key spot Bitcoin ETFs, especially iShares Bitcoin Trust (IBIT) by BlackRock, which posted a staggering **$430 million outflow—its first since early April and the largest single-week drop on record.
Market analysts attribute the reversal to macro-driven caution. Following the court's tariff ruling midweek, early optimism quickly gave way to risk-off positioning as investors weighed potential impacts on inflation and global trade.
XRP Continues Downturn With Back-to-Back Weekly Losses
XRP remained under pressure, marking its second consecutive week of outflows with $28.2 million** exiting XRP-linked investment products. Over the past two weeks, total withdrawals have exceeded **$56 million, underscoring persistent lack of institutional appetite despite ongoing developments in Ripple’s legal battles.
While larger cap assets like Bitcoin and Ethereum dominate capital flows, niche assets showed modest gains during the same period:
- Sui (SUI): $2.2 million inflow
- Solana (SOL): $1.5 million inflow
- Cardano (ADA): $100,000 inflow
- Chainlink (LINK): $800,000 inflow
These figures suggest that while speculative interest persists in select altcoins, capital is increasingly concentrated around assets with clear utility, strong development activity, and regulatory clarity.
Why Ethereum Is Gaining Ground
Several factors are contributing to Ethereum’s rising appeal among institutional and retail investors alike:
- Upcoming Network Upgrades: Anticipation around Proto-Danksharding and future scalability improvements continues to boost long-term confidence.
- Staking Adoption: Ethereum’s staking rate has climbed to over 30% of total supply, indicating strong holder conviction.
- DeFi and NFT Resurgence: Activity across decentralized finance and NFT platforms has picked up, reinforcing Ethereum’s role as the backbone of Web3 innovation.
- ETF Expectations: Although no approval has been granted yet, ongoing regulatory discussions keep hopes alive for a spot ETH ETF in the U.S., mirroring Bitcoin’s earlier trajectory.
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Market Outlook: Macro Risks vs. Crypto Fundamentals
While short-term price action remains sensitive to external shocks—such as trade policy shifts or inflation data—the underlying trend for digital assets remains constructive. The sustained inflow streak into crypto investment vehicles indicates that structural demand is still intact.
However, diverging performances between major cryptocurrencies reveal a more selective market. Investors are no longer allocating capital uniformly but are instead favoring projects with strong fundamentals, real-world use cases, and resilient ecosystems.
Frequently Asked Questions (FAQ)
Q: Why did Bitcoin experience outflows despite previous strength?
A: The outflows followed a federal court decision to reinstate reciprocal tariffs, sparking macroeconomic concerns. This led investors to de-risk positions temporarily, particularly pulling back from large-cap assets like Bitcoin ETFs.
Q: Is Ethereum’s $321 million inflow a one-time spike or part of a trend?
A: It’s part of an ongoing trend. Ethereum has now seen six straight weeks of inflows totaling $1.19 billion—the longest and strongest run since late 2024—driven by network upgrades, staking growth, and rising institutional interest.
Q: What does XRP’s continued outflow indicate about investor sentiment?
A: Persistent outflows suggest limited institutional confidence in XRP at present. Despite Ripple’s legal progress, regulatory uncertainty and lack of ETF prospects continue to dampen demand from large funds.
Q: Which regions are leading in crypto investment inflows?
A: The U.S. leads with $190 million in new investments, followed by Germany ($42.9M) and Australia ($21.5M). Hong Kong also saw a surge with $54.8M—the highest since its crypto ETF launch.
Q: Could a spot Ethereum ETF accelerate future inflows?
A: Yes. While not yet approved, the expectation of a U.S.-listed spot ETH ETF is a key driver of current sentiment. Approval would likely unlock significant additional institutional capital.
Final Thoughts: A Maturing Market
The latest data underscores a maturing crypto market where capital allocation is becoming more discerning. Ethereum’s dominance in weekly inflows reflects growing recognition of its foundational role in decentralized applications and financial infrastructure.
As macro headwinds persist, assets with strong fundamentals—like Ethereum—are likely to continue outperforming those reliant primarily on speculation or legal narratives.
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With over $10.9 billion in year-to-date inflows into crypto investment products, the broader trend remains bullish—even if short-term volatility causes temporary shifts in leadership.
Core Keywords: Ethereum, Bitcoin, XRP, crypto investment products, inflows and outflows, digital asset market, ETF expectations, macroeconomic uncertainty