Last week, digital asset investment products attracted $226 million in inflows, indicating cautiously optimistic investor sentiment, according to CoinShares. After experiencing significant outflows previously, exchange-traded products (ETPs) have now enjoyed nine consecutive days of inflows, except for a slight outflow of $74 million on Friday. This movement is likely in response to US core personal consumption expenditure data surpassing expectations, hinting that the Federal Reserve might maintain its hawkish stance despite recent weak growth signals.
Bitcoin led the inflows with $195 million, while short-Bitcoin investment products saw outflows of $2.5 million for the fourth consecutive week. The recent price decline has reduced the total assets under management for global Bitcoin ETPs to $114 billion, the lowest level since just after the US election. For the first time in five weeks, altcoins experienced inflows of $33 million following a $1.7 billion outflow streak. Ethereum, Solana, XRP, and Sui were the major beneficiaries, with inflows of $14.5 million, $7.8 million, $4.8 million, and $4.0 million, respectively. Cardano and multi-asset products also saw inflows of $0.6 million and $0.1 million, respectively.
Inflows were observed across most key regions, with the US, Switzerland, and Germany leading at $204 million, $14.7 million, and $9.2 million, respectively. Canada and Australia also reported positive inflows of $4.1 million and $0.9 million. Conversely, Sweden faced outflows of $6.8 million, while Hong Kong and Brazil experienced minor outflows of $2.1 million and $1.3 million, respectively.
The rising network hash rate and high mining difficulty have posed challenges for Bitcoin miners this year. CoinShares’ Valkyrie Bitcoin Mining ETF (WGMI) has been the worst-performing ETF of 2025, down 43% year-to-date. The fund includes several publicly traded Bitcoin miners, with IREN being the largest holding at 15%, down 42%. Core Scientific follows with a 14% share and a 48% drop, while Cipher Mining at 9.6% has fallen 52%. Even NVIDIA, the sixth-largest holding at 5%, has seen a 20% decline.
Twitter: Crypto investment products see growing interest with $226 million in inflows, driven by Bitcoin and key altcoins like Ethereum and Solana. However, Bitcoin miners face challenges with rising network hash rates.
