Digital asset fund flows | October 6th 2025

Record inflows of US$5.95B driven by employment and shutdown worries

• Digital asset investment products attracted US$5.95B last week, driven by a delayed response to weak employment data, and concerns over US government stability. 

• The US led with a record US$5.0B in inflows, followed by Switzerland (US$563M, new record) and Germany (US$312M).

• Bitcoin saw a record US$3.55B in inflows, Ethereum US$1.48B, while Solana (US$706.5M) and XRP (US$219.4M) also set notable records.

Digital asset investment products recorded inflows of US$5.95B last week, the largest weekly inflows on record. We believe this was due to a delayed response to the FOMC interest rate cut, compounded by very weak employment data, as indicated by Wednesday’s ADP Payroll release, and concerns over US government stability following the shutdown. Positive prices action pushed total assets under management (AuM) to their all-time of US$254B.

Regionally, the positive sentiment was broad but focussed primarily on the US, which saw US$5.0B inflows last week, a new weekly record. Switzerland also broke its weekly record, seeing US$563m inflows while Germany saw its second largest weekly inflows totalling US$312M.

Bitcoin saw its largest weekly inflows on record totalling US$3.55B and despite prices closing in on all-time highs during the week, investors did not choose to buy short investment products.

Ethereum saw inflows totalling US$1.48B last week, pushing total year-to-date (YTD) inflows to a record US$13.7B, close to triple that of last year.

Solana also broke its weekly record, seeing inflows of US$706.5M last week, bringing YTD inflows to US$.58B. XRP also saw substantive inflows of US$219.4M last week, although we saw very little inflows into other altcoins.