Digital Asset Fund Flows | April 22nd 2025

A minor US$6m inflows, sentiment remains mixed but showing signs of recovery

• Digital asset investment products saw net inflows of US$6 million, with mid-week US retail data triggering US$146 million in outflows.

• The US saw US$71m in outflows, while Switzerland, Germany, and Canada saw positive sentiment with a combined US$75.4m in inflows.

• Bitcoin saw minor outflows (US$6m), Ethereum continued its losing streak (US$26.7m outflows), while XRP stood out with strong inflows of US$37.7m.

   

  

   

Digital asset investment products saw modest inflows totalling US$6 million last week, reflecting mixed investor sentiment throughout the period. While the week began with minor inflows, stronger-than-expected US retail sales figures mid-week likely triggered outflows of US$146 million.

Regionally, the US continued to see outflows, totalling US$71m last week. In contrast, Europe and Canada reflected more positive sentiment, with inflows of US$43.7m in Switzerland, US$22.3m in Germany, and US$9.4m in Canada.

The largest flows throughout the week were in Bitcoin, with intra-week flows highlighting mixed sentiment, ending the week with minor outflows of US$6m. Short Bitcoin investment products also saw outflows of US$1.2m, marking the 7^th week of outflows totalling US$36m representing 40% of total assets under management.

Ethereum continues to struggle, recording an additional US$26.7m in outflows last week. Over the past eight weeks, total outflows have reached US$772m. Despite this, Ethereum remains the second-largest in terms of year-to-date (YTD) flows, with US$215m in net inflows.

XRP continues to break the mold with inflows of US$37.7m last week, making it the 3^rd most successful this year with YTD inflows of US$214m.

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