Digital asset investment products returned to inflows last week, pulling in $3.3 billion after a period of declines, according to industry data released on September 15. The rebound followed weaker-than-expected U.S. macroeconomic data and late-week gains in cryptocurrency prices that lifted total assets under management to $239 billion, the highest level since early August.
U.S. and Europe Drive Regional Activity
The United States accounted for the bulk of inflows, adding $3.2 billion. Germany followed with $160 million, though the country’s gains were partly offset by $92 million in outflows from Switzerland. Despite that, Friday marked Germany’s second-largest day of inflows on record.
Investor sentiment was described as broadly positive across regions, reversing a recent trend of withdrawals that had weighed on digital asset markets.
Bitcoin and Ethereum Lead Digital Asset Funds Rebound
Bitcoin investment products drew $2.4 billion, the strongest weekly inflows since July. The renewed demand reduced short-bitcoin products’ assets under management to $86 million, reflecting easing bearish sentiment among investors.
Ethereum also saw a momentum shift after eight consecutive days of outflows. The world’s second-largest cryptocurrency by market value logged four straight days of inflows, totalling $646 million for the week.
Solana Sees Record Daily Inflow
Solana investment products recorded their largest-ever single-day inflow on Friday at $145 million, contributing to $198 million in inflows for the week. The increase underscored renewed investor interest in alternative digital assets beyond Bitcoin and Ethereum.
Other cryptocurrencies experienced minor movement. Aave registered outflows of $1.08 million, while Avalanche products shed $660,000.
Outlook as Digital Asset Funds Record Massive Inflows
The return to inflows pushed total industry assets under management closer to August’s all-time high of $244 billion. Market watchers attributed the turnaround to both macroeconomic conditions in the United States and improving price performance across digital assets.
Whether the rebound will extend in the coming weeks remains uncertain, as global economic indicators and cryptocurrency market volatility continue to shape investor sentiment.
