Digital asset investment products witnessed a massive resurgence last week with $3.3 billion in inflows, according to CoinShares' latest report. This rebound follows weaker-than-expected U.S. macroeconomic data that boosted demand for alternative assets. The inflows, combined with end-of-week price gains across the sector, pushed total assets under management (AuM) to $239 billion—nearing August's all-time high of $244 billion.
Regional flows were dominated by the United States, which recorded $3.2 billion in inflows. Germany followed with $160 million, marking its second-largest daily inflows on record. Switzerland, however, saw $92 million in outflows, indicating mixed sentiment in some European markets.
Bitcoin led the charge with $2.4 billion in weekly inflows—its largest since July. Short-bitcoin products recorded modest outflows, reducing their AuM to just $86 million as bearish bets diminished.
Ethereum staged a dramatic reversal after eight consecutive days of outflows earlier this month. It recorded four straight days of inflows totaling $646 million, signaling renewed investor confidence.
Solana delivered a standout performance, achieving its largest-ever single-day inflow of $145 million on Friday. Weekly inflows reached $198 million, underscoring growing institutional interest in its ecosystem. This surge follows Forward Industries' $1.65 billion Solana treasury announcement, with Galaxy Digital purchasing $1.5 billion in SOL tokens last week.
Smaller altcoins like Aave and Avalanche saw outflows of $1.08 million and $0.66 million respectively, suggesting a consolidation around larger tokens.
In a related development, CoinShares announced a $1.2 billion SPAC merger with Vine Hill Capital to list on Nasdaq by Q4 2025, positioning itself as one of the largest publicly traded digital asset managers globally.