Institutional appetite for crypto assets weakened again last week as digital asset investment products recorded $1.17 billion in outflows, marking a second consecutive week of losses amid renewed market volatility and macroeconomic uncertainty. Key Takeaways: Crypto investment products saw $1.17 billion in outflows, marking a second straight week of institutional withdrawals. Bitcoin and Ethereum ETFs led the redemptions, with $1.22 billion and $508 million in outflows respectively. Despite heavy ins ...

Core Insights - Digital asset funds experienced significant inflows of $3.17 billion last week, despite market turbulence from US-China tariff tensions [1][9] - Year-to-date inflows reached a record $48.7 billion, surpassing the total for the entire year of 2024 [3][9] Trading Activity - Investment products saw a rally even as major cryptocurrencies faced sharp corrections, with only $159 million in outflows on Friday, indicating limited investor panic [3] - Digital asset exchange-traded products (ETPs) recorded a record weekly trading volume of $53 billion, more than double the 2025 average, with Bitcoin attracting $2.67 billion in inflows [4][9] - The busiest trading day occurred on Friday, with a daily turnover of $15.3 billion [4] Bitcoin and Ethereum Performance - Despite a 7% price drop following tariff announcements, Bitcoin volumes reached a new daily high of $10.4 billion [5] - Ethereum saw inflows of $338 million during the week, but experienced the largest single-day outflow among major assets with $172 million on Friday [5] Institutional Demand - US spot Bitcoin ETFs maintained strong momentum with $2.71 billion in weekly inflows, reflecting sustained institutional demand [6][9] - Total assets under management in digital asset funds climbed to $158.96 billion, representing nearly 7% of Bitcoin's total market cap [6] Weekly Highlights - The standout session occurred on Monday, with funds posting $1.21 billion in inflows, the second-largest daily total since the debut of spot ETFs [7] - Sentiment cooled on Friday, with Bitcoin ETFs recording a small outflow of $4.5 million following President Trump's tariff announcement [7]

Core Insights - Over $600 million flowed into US spot Bitcoin ETFs and over $300 million into Ethereum ETFs, marking a significant reversal from previous outflows in September [1][2] - Bitcoin's price has recovered to approximately $120,000, raising expectations for a sustained rally fueled by new ETF capital [1][6] Group 1: Bitcoin ETF Inflows - US Bitcoin ETFs recorded a net inflow of $627 million on Thursday, with BlackRock's IBIT leading at $464 million [2] - This marks the fourth consecutive day of inflows for Bitcoin spot ETFs, indicating a shift in market sentiment [3][6] - Prior to this, Bitcoin ETFs experienced continuous outflows in late September, with over 16,000 BTC leaving the funds [3] Group 2: Ethereum ETF Inflows - Ethereum ETFs saw strong inflows, with BlackRock's ETHA leading at $177 million, followed by Fidelity and Bitwise [2] - In August, Ethereum ETFs had a net inflow of $3.87 billion, contributing to an 18.5% price increase, but September saw a drop to $285.74 million, leading to a 5.62% price decline [4] - The recent inflow of over $300 million in a single day is a positive sign for Ethereum ETFs, which had underperformed during the late September crypto rally [5]