Digital asset fund flows | January 5th, 2026

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Flows end 2025 near record US$47.2B as select altcoins gain momentum

Global digital asset inflows reached US$47.2B in 2025, just shy of the 2024 record, with the year starting strongly despite midweek volatility.
The US continued to dominate flows, while Germany and Canada saw notable reversals from 2024 outflows to strong inflows.
Bitcoin flows declined sharply, while Ethereum, XRP and Solana recorded substantial growth, signalling a rotation toward select altcoins, the remaining altcoins inflows YoY declined by 30%.

Digital asset investment products finished 2025 with global inflows totalling US$47.2B, just below the 2024 record of US$48.7B. The year also began on a high note with inflows of US$671M last Friday, bringing the full week inflows to US$571M following outflows earlier in the week.

Bar chart depicting weekly crypto asset flows in US$ million for 2025. Peaks at weeks 6 and 18; lows at weeks 8 and 35. Data by Bloomberg, CoinShares.

Over 2025, the US saw the majority of inflows totalling US$44.524B, down 12% on 2024. The most substantive growth in flows came from Germany, seeing inflows of US$2.5B compared to outflows of US$43M in 2024. Canada also saw a similar recovery, with inflows of US$1.1B last year compared to outflows of US$603M in 2024. Appetite in Switzerland rose modestly with inflows of US$775M in 2025, up 11.5% year-on-year (YoY).

Table showing financial data of various countries, including weekly, MTD, and YTD flows in US$ million, alongside AUM, as of January 2020. Bitcoin suffered last year, seeing a 35% decline in flows, with inflows of just US$26.9B in 2025. A combination of price falls led to inflows of US$105m into short-bitcoin investment products over 2025, although they remain niche with total assets under management (AuM) of only US$139m.

Table showing cryptocurrency flows by asset in US$m. Includes assets like Bitcoin, Ethereum, and XRP with weekly, monthly, yearly flows, and AUM. Ethereum saw the most substantive gains, with inflows of US$12.7B, up 138% YoY. XRP and Solana saw a rise of 500% (US$3.7B) and 1000% (US$3.6B) respectively in 2025. The remaining altcoins saw a decline in sentiment with a fall in inflows YoY of 30% (US$318m).

Bar graph showing weekly crypto asset flows by institution in US$M with varying colors for different institutions, spanning 52 weeks. Bar chart showing weekly crypto asset flows (US$M) for Bitcoin, Ethereum, and more from week 2 to 52. Highest spikes around week 45. A table ranks cryptocurrencies by assets under management in US$ million, with Bitcoin leading, followed by Ethereum and others. Flows show zero. Table showing financial data flows by provider in US dollars, including iShares, Grayscale, and others, with weekly, monthly, yearly flows, and AUM. Graph showing Digital Asset ETP net new assets (US$M) from 2019 to 2026, with rising cumulative flows and assets under management (AuM).

Scritto da

James Butterfill

Pubblicato il05 Gen 2026

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