Digital asset investment products drew $1.06 billion in inflows last week, marking the third consecutive week of positive flows. That run has pushed total assets under management in digital asset ETPs to $140bn, a 9.4% rise since the onset of the Iran crisis. Bitcoin led the charge.
The asset pulled in $793M last week alone, bringing its three-week cumulative inflows to $2.2bn. That figure is closing in fast on the prior five-week stretch of outflows, which totalled $3.0bn.
US Dominates as Germany Breaks Streak
US investors accounted for 96% of total inflows, a share that left little room for anyone else. Canada contributed $19.4M and Switzerland added $10.4M. Hong Kong posted $23.1M, its largest single-week inflow figure since August 2025.
Germany went the other direction. The country recorded outflows of $17.1M, the first weekly outflow it has seen all year. A notable shift given how steady European flows had been running to this point.
Short-Bitcoin products also took in $8.1M. That detail tells you sentiment is not entirely one-sided, with a portion of the market still positioning against the asset even as overall flows stayed positive.
Ethereum Nears Year-to-Date Neutral
Ethereum attracted $315M in inflows over the week. The move brought its year-to-date flow position close to net neutral, something it had not come near in several weeks.
New staking ETF listings in the US were a contributing factor. Those products gave institutional buyers a different entry point and appear to have pulled in fresh capital that wasn’t there before.
XRP, by contrast, extended its losing streak. The asset posted a second consecutive week of outflows totalling $76M, a run that has put some distance between it and the rest of the inflow picture.
The broader read from the CoinShares Volume 277 weekly report is that Bitcoin continues to function as a relative safe haven during stress events. Three straight weeks of inflows during a period of active geopolitical disruption is not something to read lightly. Whether that pace holds into the next reporting period remains the open question.
