Digital asset funds logged the biggest weekly inflows on record last week as investors scrambled into crypto amid weak jobs data and mounting political uncertainty in Washington. According to CoinShares’ latest weekly report, investment products poured in US$5.95 billion, a headline number that pushed total assets under management to an all-time high of US$254 billion.
The flows were heavily concentrated in the United States, which alone accounted for a new weekly record of about US$5.0 billion, but Europe also chipped in: Switzerland set its own weekly record with roughly US$563 million and Germany recorded its second-largest weekly inflow at US$312 million. CoinShares said the surge appeared to be a delayed market reaction to the recent FOMC rate move, amplified by surprisingly weak employment prints, notably ADP payrolls, and investor concerns about a U.S. government shutdown.
Heavy Demand for Bitcoin and Ethereum
Bitcoin dominated the week’s inflows. The flagship token attracted a record US$3.55 billion into exchange-traded products and other investment vehicles, even as prices closed the week brushing all-time highs. Ethereum was the second biggest beneficiary with US$1.48 billion of inflows, bringing its year-to-date haul to a record US$13.7 billion, while Solana’s products took in US$706.5 million and XRP saw US$219.4 million. CoinShares noted that other altcoins saw comparatively little interest.
The heavy demand for investment products came against a backdrop of price strength. Bitcoin surged to fresh highs over the weekend, trading above US$125,000 at its peak before easing back toward the low-to-mid US$124,000s on Monday, a move market commentators tied to safe-haven flows amid the political turmoil in Washington. Trading desks pointed to strong ETF inflows as an important amplifier of the rally.
Not everyone was bullish about the short-term outlook. Some analysts warned that the roughly US$125,000 area represented a key resistance level and that a failure to sustain that break could invite a sharper pullback. The warning shows the market’s fragility: record fund flows and headline highs can coexist with technical risks that quickly reverse momentum.
Ethereum’s advance was more measured but still notable. The ETH price traded around the mid-US$4,000s as buyers piled into products that track its price, while broader on-chain and macro narratives continue to support institutional demand for ETH exposure. CoinShares’ numbers show the token’s investment inflows this year have nearly tripled last year’s totals, a sign of growing institutional appetite for non-Bitcoin crypto exposure.
Smaller cap names that managed to capture attention included Solana, which saw product flows hit a weekly record even as its price traded near US$230. That combination, rapid capital inflows into Solana products alongside strong price moves, helped lift year-to-date inflows for SOL to roughly US$2.58 billion. XRP also enjoyed meaningful demand as retail and institutional vehicles absorbed flows while its price hovered around the low-to-mid US$3 area.
The inflows follow a period of volatility in fund flows: only a week earlier, CoinShares had reported about US$812 million of net outflows, illustrating how quickly sentiment can swing when macro signals and political headlines align. The reversal into record inflows highlights how macro uncertainty, rather than a single bullish catalyst, has been driving allocations into crypto as investors reassess risk and diversification strategies.
For market participants, the immediate question is whether this record-setting allocation week represents a durable shift in institutional behavior or a tactical move driven by near-term geopolitical and economic noise. CoinShares’ numbers make clear that, at least for now, investors are willing to put fresh capital to work. Whether prices can hold the recent gains will depend on follow-through in ETF and product flows, upcoming job reports, and how the political situation in Washington evolves, any of which could quickly tilt risk appetite the other way.
