Digital asset fund flows | April 20th, 2026

US$1.4B inflows as ceasefire optimism and BTC breakout drive risk appetite

• Digital asset investment products saw US$1.4B of inflows, the third consecutive positive week and the strongest since January, as Bitcoin briefly pushed through US$76,000 on improving risk sentiment.

• Total AuM reached US$155B, with flows representing 0.91% of AuM, the highest weekly intensity YTD.

• Bitcoin led with US$1,116M and Ethereum continued its recovery with US$328M, while Switzerland recorded US$138M of outflows, a notable regional divergence.

Digital asset investment products saw inflows of US$1.4B, the strongest weekly total since January and a third consecutive week of positive flows. This likely reflects continued risk appetite recovery on the US-Iran ceasefire extension talks, reinforced by Bitcoin's break above US$76,000 mid-week, its highest level since the February crash. March CPI at 3.3% year-on-year appears to have been looked through, with core CPI benign at 2.6%, consistent with a supply-driven rather than broad-based inflation impulse. 

Regionally, the US dominated with US$1.5B of inflows. Germany recorded US$28M of inflows, while Switzerland was the clear outlier with US$138M of outflows, the largest Swiss outflow since November and a notable divergence from the broader risk-on tone.

Bitcoin saw US$1,116M of inflows, bringing year-to-date flows to US$3.1B. The push through US$76,000 represents a meaningful technical development after two months of range-bound trading. Short-bitcoin products saw a modest US$1.4M of inflows, suggesting residual but limited hedging demand.

Ethereum attracted US$328m of inflows, its strongest week since January and bringing year-to-date flows to US$197M, while XRP and Solana recorded outflows of US$56M and US$2.3M respectively.