tl;dr
Digital asset investment products saw net outflows of $223 million for the first time in 15 weeks after initial strong inflows of $883 million reversed due to the Federal Open Market Committee’s hawkish stance and strong US economic data. Despite a dip in payroll numbers suggesting a dovish Fed, ove...
For the first time in 15 weeks, digital asset investment products recorded net weekly outflows totaling $223 million. The week began strongly with $883 million in inflows, but momentum sharply reversed following the Federal Open Market Committee’s hawkish stance and robust US economic data. Despite weaker payroll numbers on Friday hinting at a potential dovish Fed approach, the overall risk-off sentiment triggered over $1 billion in outflows that day. However, given that the past 30 days saw $12.2 billion in inflows—half of all inflows in 2025 so far—this pullback appears to be a healthy case of profit-taking rather than a shift toward bearishness. CoinShares noted that investors may simply be locking in gains after a prolonged streak of inflows, suggesting that confidence remains intact despite the outflows.
Bitcoin bore the brunt of bearish sentiment, experiencing the largest outflows of $404 million during the week. Nonetheless, its year-to-date inflows remain robust at $20 billion, a figure that CoinShares attributes to Bitcoin’s sensitivity to monetary policy changes. Ethereum demonstrated resilience by securing its 15th consecutive week of inflows, adding $133 million despite dipping later in the week. Other altcoins also attracted investor interest: XRP garnered $31.3 million, Solana $8.8 million, and SEI $5.8 million. Additionally, Cardano and Aave recorded smaller but positive inflows of $1.3 million and $1.2 million, respectively. Conversely, multi-asset products experienced outflows of $4.8 million, with Sui and Litecoin trailing at $0.8 million and $0.2 million in outflows.
Geographically, the United States led the week’s outflows with investors withdrawing $383 million. Germany and Sweden followed with outflows of $35.5 million and $33.3 million, respectively, while Brazil saw a modest pullback of $12.8 million. On the flip side, Hong Kong emerged as the primary destination for crypto inflows, attracting $170.4 million. Switzerland recorded $52.4 million in inflows, with Canada and Australia gaining $12.4 million and $7.6 million respectively, reflecting a geographically split flow dynamic in digital asset investment products.