
Digital Asset Fund Flows | May 19th 2025
3 min read
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US$785m weekly inflows, sentiment continues to recover in Ethereum
Digital asset inflows hit US$785m last week, pushing YTD totals to US$7.5bn and fully recovering February–March outflows.
Regional sentiment was mixed, with strong inflows in the US (US$681m), Germany (US$86.3m), and Hong Kong (US$24.2m), while Sweden, Canada, and Brazil saw outflows.
Ethereum sentiment is recovering with US$205m in inflows, driven by the Pectra upgrade and leadership changes.
Digital asset investment products saw a fifth consecutive week of inflows, totalling US$785m last week. This brought year-to-date (YTD) inflows to US$7.5bn, surpassing the previous peak of US$7.2bn recorded in early February. It also fully recovers the near US$7bn of outflows experienced during the February–March price correction.
Investor sentiment remained divided across regions. The US, Germany, and Hong Kong recorded inflows of US$681m, US$86.3m, and US$24.2m respectively, with Hong Kong marking its largest inflow since November 2024. In contrast, Sweden, Canada, and Brazil saw outflows of US$16.3m, US$13.5m, and US$3.9m respectively.
Bitcoin attracted US$557m in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totalling US$5.8m, reflecting investor positioning amid recent price gains.
Ethereum was the standout performer, with US$205m in inflows last week and US$575m YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak. Conversely, Solana was the only ETP to record outflows, amounting to US$0.89m.