Digital asset fund flows | September 15th 2025

Sentiment recovers in both Ethereum and Bitcoin, with US$3.3bn inflows

• Digital asset products saw US$3.3bn in inflows, lifting AuM to US$239bn, near August’s record high.

• US led with US$3.2bn, Germany added US$160m, while Switzerland saw US$92m in outflows.

• Bitcoin drew US$2.4bn, Ethereum sentiment swung round, seeing US$646m inflows, and Solana posted record daily inflows of US$145m.

Digital asset investment products returned to inflows last week, totalling US$3.3bn, following weaker-than-expected US macroeconomic data. In addition, end-of-week price gains across digital assets pushed total assets under management (AuM) to US$239bn, the highest level since the early August all-time high of US$244bn.

Regionally, sentiment was broadly positive. The US led with US$3.2bn of inflows, while Germany recorded US$160m. Notably, Friday saw the second-largest daily inflows on record for Germany, although this was partly offset by US$92m of outflows from Switzerland.

Bitcoin experienced the strongest rebound in sentiment, attracting US$2.4bn in inflows, the largest weekly inflows since July, while short-bitcoin products recorded modest outflows, bringing their AuM down to just US$86m.

Ethereum, which had faced eight consecutive trading days of outflows, also saw a reversal in sentiment. It registered four straight days of inflows last week, totalling US$646m.

Solana marked its largest-ever single-day inflow on Friday at US$145m, contributing to a weekly total of US$198m.

Aave and Avalanche saw minor outflows of US$1.08m and US$0.66m respectively.