Cryptocurrency investment products recorded $5.95 billion in weekly inflows, marking the largest figure ever observed for digital asset funds. The surge occurred as the U.S. government shutdown contributed to bullish sentiment across crypto markets, with Bitcoin reaching a new all‑time high above $125,000.
CoinShares head of research James Butterfill attributed the inflows to delayed reactions following the Federal Open Market Committee interest rate cut. Weak employment data from Wednesday’s ADP Payroll release and concerns over U.S. government stability amplified investor demand for crypto exposure.
Bitcoin investment products dominated the weekly gains with a record $3.55 billion in inflows, substantially exceeding the previous July record of $4.4 billion. Unlike prior records that distributed evenly between Bitcoin and Ethereum, last week’s capital flows concentrated heavily in Bitcoin funds.
U.S.-based digital asset products alone attracted $5 billion in net inflows, establishing a new regional record. BlackRock’s IBIT led Bitcoin ETF gains with $1.8 billion, while the broader U.S. spot Bitcoin ETF category recorded $3.2 billion in total weekly inflows.
Ethereum products secured $1.48 billion in inflows, pushing year‑to‑date totals to a record $13.7 billion. This figure represents nearly triple the Ethereum fund inflows recorded during 2024, demonstrating sustained institutional interest in the second‑largest cryptocurrency by market capitalization.
BlackRock’s ETHA Ethereum product led with $691.7 million in weekly inflows, accounting for a significant portion of the $1.3 billion flowing into U.S. spot Ethereum ETFs. Grayscale launched the first U.S.-listed spot crypto ETPs enabling staking on Monday despite SEC operational shutdowns.
Solana investment products broke their weekly inflow record with $706.5 million, bringing year‑to‑date totals to $2.6 billion. Solana funds demonstrated strong momentum alongside XRP products, which attracted $219.4 million globally, though other altcoins saw minimal inflow activity.
Total assets under management in crypto funds surpassed $250 billion for the first time, reaching an all‑time high of $254 billion. Switzerland‑based funds recorded $563 million in weekly inflows, while Germany‑based products attracted $312 million in their second‑largest weekly performance.
Despite short‑term investors showing no interest in shorting positions, the inflows occurred as prices approached all‑time highs. The GMCI 30 index of leading cryptocurrencies gained over 10 % during the week, matching gains seen in both Bitcoin and Ethereum markets.