Digital asset fund flows | September 1st 2025

US$4.37bn inflows for August, Ethereum continues to dominate Bitcoin

• Digital asset saw inflows of US$2.48bn last week, lifting August inflows to US$4.37bn and YTD to US$35.5bn, though AUM slipped 10% to US$219bn.

• The US led with US$2.29bn, while Switzerland, Germany, and Canada also saw gains, suggesting simple profit-taking behind Friday’s outflows.

• Ethereum led with US$1.4bn versus Bitcoin’s US$748m; for August, Ethereum added US$3.95bn while Bitcoin lost US$301m, with Solana and XRP boosted by US ETF optimism.

Digital asset investment products rebounded from the previous week’s outflows, recording inflows of US$2.48bn. August alone has now seen total inflows of US$4.37bn, bringing year-to-date (YTD) inflows to US$35.5bn. Inflows were strong throughout the week but turned negative on Friday after the release of Core PCE data, which failed to support expectations of a Federal Reserve rate cut in September, disappointing digital asset investors. This and the recent negative price momentum have driven total assets under management down 10% from their recent peak, to US$219bn.

Regionally, the US once again dominated, recording inflows of US$2.29bn last week. Positive sentiment was evident across most other regions as well, with Switzerland, Germany, and Canada seeing inflows of US$109.4m, US$69.9m, and US$41.1m respectively. The broad regional spread of inflows suggests that Friday’s outflows were more likely driven by profit-taking rather than signalling a more concerning trend for the asset class.

Ethereum continued to outperform Bitcoin, attracting inflows of US$1.4bn versus Bitcoin’s US$748m. For August, Ethereum has accumulated US$3.95bn in inflows, while Bitcoin recorded outflows of US$301m. Meanwhile, Solana and XRP continued to benefit from optimism surrounding potential US ETF launches, with inflows of US$177m and US$134m respectively.