Digital asset investment products recorded inflows of $5.95 billion last week, the largest weekly haul on record, according to asset manager CoinShares.
Assets under management in digital asset funds climbed to an all-time high of $254 billion. CoinShares highlighted that the confluence of monetary easing expectations and political uncertainty prompted a broad-based allocation into crypto. The firm explicitly cited a delayed market response to the Fed’s September rate cut, weak ADP employment figures, and the U.S. government shutdown.
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Regionally, the United States led the charge with record inflows of $5.0 billion. Switzerland followed with $563 million (also a weekly record) while Germany chalked up its second-largest weekly inflows at $312 million.
By product, Bitcoin-focused funds absorbed a record $3.55 billion, even as prices neared all-time highs. Short-bitcoin products saw virtually no interest. Ethereum funds pulled in $1.48 billion, lifting year-to-date inflows to a record $13.7 billion, nearly three times last year’s total
Smaller-cap tokens also benefited: Solana saw record weekly inflows of $706.5 million, bringing its YTD total to $2.58 billion, while XRP funds gathered $219.4 million. Other altcoin funds, however, recorded only modest net flows.
Read More: Crypto asset funds post $812 million outflows as macro data dents sentiment: CoinShares
