
Digital Asset Fund Flows | June 30th 2025
3 min read
Inflows for H1 stand at US$17.8B, driven by geopolitics and monetary policy
Digital asset investment products saw US$2.7B in inflows last week, marking 11 consecutive weeks of inflows, bringing H1 totals close to last year’s US$17.8B.
The US dominated regional flows with US$2.65B in inflows; meanwhile, Hong Kong recorded consistent outflows, totalling US$132m in June.
Bitcoin led with 83% of inflows (US$2.2B), while Ethereum saw US$429m; short-Bitcoin products continued to see outflows, signalling positive market sentiment.
Digital asset investment products saw inflows of US$2.7B last week marking the 11th consecutive week of inflows totalling US$16.9B. Reflecting on the half year mark, inflows are on a similar track to 2024, where inflows to end-June were at US$18.3B. We believe this resilient investor demand has been driven by a combination of factors, primarily heightened geopolitical volatility and uncertainty surrounding the direction of monetary policy.Regionally, the inflows were almost solely from the US, seeing US$2.65B, while Switzerland and Germany saw minor inflows of US$23M and US$19.8M respectively. Canada, Hong Kong and Brazil saw minor outflows of US$13.6M, US$2.3M and US$2.4M respectively. After recent price spikes Hong Kong has seen consistent outflows which totalled US$132M for June.
Bitcoin accounted for 83% of total inflows last week, attracting US$2.2B. In contrast, short-Bitcoin investment products saw a further US$2.9M in outflows, bringing year-to-date (YTD) outflows to US$12m — a clear indication of broadly positive sentiment towards Bitcoin this year.
Ethereum saw further inflows of US$429M last week with YTD inflows now at US$2.9B as investors remain bullish. In contrast, Solana has seen only US$91M inflows YTD.