Digital asset fund flows | May 5th, 2026

Modest US$117.8m inflows mask a late-week sentiment reversal

• Digital asset investment products saw US$117.8m of inflows, the fifth consecutive positive week, although the weekly total masks four days of outflows reversed by a single strong session on Friday.

• Total AuM stood at US$155bn, broadly unchanged, while asset participation narrowed with only four assets in inflows versus nine the prior week.

• Bitcoin led with US$192.1m, while Ethereum saw US$81.6m of outflows, breaking a three-week streak above US$190m.

Digital asset investment products saw inflows of US$117.8m, a fifth consecutive positive week although the smallest of the run. The weekly total understates a notable shift within the week itself: products saw four consecutive days of outflows totalling US$619m from Monday to Thursday, before a single-session inflow of US$737m on Friday flipped the week to positive. The Friday figure ranks among the largest single-day inflows of 2026, likely reflecting a sharp improvement in risk appetite. Total AuM stood at US$155bn, broadly unchanged.

Regionally, the US recorded just US$47.5m of inflows, a sharp deceleration from US$1.1bn the prior week and consistent with the mid-week risk-off tone. Germany was the standout with US$43.8m of inflows, while Canada saw US$16.0m, suggesting European appetite held up better during the soft patch.

Bitcoin saw US$192.1m of inflows, bringing year-to-date flows to US$4.2bn. The figure is well below the prior three weeks' average of nearly US$1bn. Short-bitcoin products saw US$6.0m of inflows.

Ethereum saw US$81.6m of outflows, breaking a three-week streak above US$190m. The narrowing in participation from nine assets to four this week is the clearest signal that sentiment softened through the working week before recovering on Friday.