Digital Asset Inflows Slowed to $230 Million Last Week: Тhe Fed Meeting Was the Real Culprit

Digital asset investment products recorded $230 million in net inflows for the week according to CoinShares data, a notable deceleration from prior weeks.

CoinShares Head of Research James Butterfill identified the primary driver not as the Iran conflict, which has been the dominant narrative in crypto markets, but as the market’s hawkish pause interpretation of the Federal Reserve’s Wednesday meeting. The intra-week data supports that reading directly.

Inflows were strong in the first two days of the week, totaling $635 million, before reversing sharply following the FOMC meeting with $405 million in outflows. Those outflows moderated by Friday, producing the $230 million net positive for the full week.

Total assets under management across all tracked digital asset investment products stand at $138.018 billion.

Flows by Provider

iShares recorded $257 million in weekly inflows, the largest single-provider contribution for the week and maintaining its position as the dominant institutional vehicle with $62.969 billion in AUM. ProFunds Group added $35 million, 21Shares AG added $12 million, and CoinShares itself added a modest $3 million outflow.

On the negative side, Fidelity recorded $105 million in outflows for the week, its largest weekly redemption in the current period and extending its month-to-date outflow to $217 million and year-to-date outflow to $1.277 billion. ARK 21Shares saw $28 million in outflows and Grayscale recorded $26 million in redemptions. The Other category, which aggregates smaller providers, contributed $95 million in inflows.

The year-to-date picture underscores the concentration of the institutional landscape. iShares has accumulated $1.148 billion in YTD inflows. Fidelity sits at negative $1.277 billion. The divergence between the two largest US Bitcoin ETF providers on a year-to-date basis is one of the more significant structural observations in the weekly data.

Flows by Asset

Bitcoin dominated the week’s inflows at $219.2 million, with month-to-date flows of $1.552 billion and year-to-date flows of $1.155 billion against a total AUM of $109.489 billion. Short Bitcoin products recorded $6 million in inflows, a small but directionally notable figure that Butterfill highlights as evidence of ongoing polarized views on the asset.

Solana recorded $17 million in inflows, its seventh consecutive week of positive flow with a cumulative seven-week total of $136 million. That streak places Solana as one of the most consistently demanded assets in the digital asset product universe over the recent period. Chainlink added $4.6 million and Sui added $1.5 million. XRP recorded $2.9 million in weekly inflows despite a month-to-date outflow of $129.7 million, reflecting the volatility in XRP-linked product demand through a month that saw significant price swings.

Ethereum reversed course with $27.5 million in outflows, ending a three-week inflow streak. The reversal is consistent with the broader Ethereum selling covered in earlier reporting this week, where ETF outflows, whale sales, and leveraged position reductions all occurred within the same window. Ethereum’s year-to-date flow sits at negative $50 million against $16.832 billion in AUM.

Crypto Market Rebounds to $2.42 Trillion After Trump Announces Five-Day Iran Strike Pause

Flows by Country

The United States led all regions with $153.6 million in weekly inflows and $1.850 billion month-to-date, maintaining its dominant position with $114.949 billion in AUM representing approximately 83% of total tracked assets. Germany recorded $30.2 million in weekly inflows despite a month-to-date outflow of $18 million, with $5.959 billion in AUM. Switzerland added $27.5 million for the week with $4.734 billion in AUM. Canada contributed $9.3 million. All regional exchanges recorded net positive weekly flows, a broad participation reading that contrasts with some prior weeks where regional divergence was more pronounced.

Sweden recorded the largest year-to-date outflow of any country at negative $153.2 million despite a $1 million positive weekly reading, reflecting sustained redemption pressure from Swedish-listed products through 2026. Hong Kong recorded $21.3 million month-to-date with $649 million in AUM, a modest but consistent contribution from the Asia-Pacific region.

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