Digital Asset Funds Log $812M Outflows, Solana Draws $291M Inflows: CoinShares
Digital asset investment products recorded $812 million in outflows last week as investor sentiment cooled amid shifting expectations for U.S. monetary policy, according to the latest report from CoinShares. Digital asse...
Digital asset investment products recorded $812 million in outflows last week as investor sentiment cooled amid shifting expectations for U.S. monetary policy, according to the latest report from CoinShares.
Digital asset investment products saw US$812M in outflows last week.@Bitcoin and @ethereum both registered outflows of US$719M and US$409M respectively. @solana was the standout performer, seeing inflows of US$291M, and XRP (@Ripple) US$93.1M.
– US$1B
+ US$126.8M
… pic.twitter.com/VfPiXQSBh4
Stronger-than-anticipated economic data—including revised GDP and durable goods figures—has tempered expectations of two interest rate cuts this year, weighing on digital asset markets.
Despite the pullback, year-to-date inflows remain substantial at $39.6 billion, close to 2023’s record inflows of $48.6 billion. On a monthly basis, inflows total $4 billion, suggesting that overall demand for digital assets remains resilient.
Regional Divergence: U.S. Outflows vs. European StrengthThe U.S. accounted for the bulk of the negative flows, registering $1 billion in outflows. However, the weakness was largely confined to the American market.
Other jurisdictions, including Switzerland, Canada, and Germany, demonstrated more positive sentiment. Switzerland led with inflows of $126.8 million, followed by Canada with $58.6 million and Germany with $35.5 million.
Bitcoin and Ethereum Under PressureBitcoin bore the brunt of the outflows, losing $719 million last week. However, CoinShares notes the absence of strong demand for short-bitcoin products, indicating that the bearish positioning may be low conviction and temporary.
Ethereum also faced headwinds, with $409 million in outflows during the week. This sharp reversal brought Ethereum’s YTD inflows of roughly $12 billion to a near standstill, with September contributing only $86.2 million.
The data suggests that while both Bitcoin and Ethereum remain dominant digital assets, near-term investor sentiment has softened as markets recalibrate expectations around monetary easing.
Solana and XRP Buck the TrendAmid the broad outflows, Solana stood out as a bright spot, attracting $291 million in inflows. XRP also saw a strong performance with inflows of $93.1 million.
CoinShares attributed the positive momentum to growing anticipation of upcoming U.S. exchange-traded fund (ETF) launches, which are expected to expand investor access and boost institutional participation in alternative digital assets beyond Bitcoin and Ethereum.
Solana’s inflows show the growing confidence in the network’s role as a scalable, efficient blockchain platform, while XRP’s demand reflects renewed institutional appetite ahead of potential regulatory clarity in the U.S.
While the short-term picture was dominated by large outflows, the sustained YTD inflows suggest continued institutional engagement in the sector. If momentum persists, 2025 could still rival or surpass the record-breaking inflows of the previous year.
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