Crypto asset investment products experienced a significant surge in inflows last week, according to the latest report from CoinShares, a leading European alternative asset manager specializing in crypto and blockchain assets.
The report indicated that digital asset funds attracted a total of $3.4 billion, representing the largest inflows recorded since mid-December 2024 and the third-largest weekly inflow in history. This substantial movement highlights a notable shift in investor sentiment amid evolving macroeconomic conditions.
Bitcoin and Ethereum Lead Inflows, While Solana Sees Outflows
Bitcoin investment products accounted for the majority of the inflows last week, attracting $3.18 billion. This brought total assets under management (AuM) for Bitcoin-related products to $132 billion, reaching levels last seen in February 2025.
The report suggested that Bitcoin’s appeal as a store of value and hedge against economic uncertainty continues to drive institutional and retail investor interest. Ethereum products also saw a reversal of recent trends, recording $183 million in inflows after eight consecutive weeks of outflows.
This marks a shift in sentiment toward Ethereum, possibly linked to broader improvements in network activity and growing optimism around scaling solutions and Layer 2 adoption.
On the other hand, Solana was the only major altcoin to experience outflows, totaling $5.7 million over the week. While most other altcoins saw minimal activity, Sui and XRP stood out with inflows of $20.7 million and $31.6 million, respectively.
Blockchain equities, including funds tied to Bitcoin mining companies, also registered positive flows, adding $17.4 million. This suggests that beyond direct digital asset exposure, investors are increasingly diversifying into infrastructure and ancillary sectors within the broader blockchain ecosystem.
Regional Trends and Market Context
The inflows were primarily driven by US investors, contributing $3.3 billion of the total weekly inflow. European markets showed a more modest but still positive trend, with Germany and Switzerland leading the region.
Germany recorded $51.5 million in inflows, while Switzerland added $41.4 million, indicating sustained institutional and high-net-worth interest in crypto-related products across multiple jurisdictions. The broader context of these inflows aligns with rising macroeconomic uncertainty and a shifting global financial market.
CoinShares Head of Research, James Butterfill, noted that concerns over the impact of tariffs on corporate earnings, coupled with the weakening of the US dollar, have prompted investors to seek alternative assets.
According to Butterfill, digital assets are increasingly being viewed as an emerging safe haven, offering diversification against traditional market risks. Butterfill particularly wrote:
We believe concerns over the tariff impact on corporate earnings and the dramatic weakening of the US dollar are the reasons investors have turned towards digital assets, which are being seen as an emerging safe haven.
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