Digital Asset Fund Flows 2025 Report
Flows End 2025 Near Record US$47.2bn as Select Altcoins Gain Momentum Global digital asset inflows reached US$47.2bn in 2025, just shy of the 2024 record, with the year starting strongly despite midweek volatility. The US continued to dominate flows, while Germany and Canada saw notable reversals from 2024 outflows to strong inflows. Bitcoin flows declined sharply, while Ethereum, XRP and Solana recorded substantial growth, signalling a rotation toward select altcoins, the remaining altcoins inflows YoY declined by 30%. Digital asset investment products finished 2025 with global inflows totalling US$47.2bn, just below the 2024 record of US$48.7bn. The year also began on a high note with inflows of US$671m last Friday, bringing the full week inflows to US$582m following outflows earlier in the week.Over 2025 the US saw the majority of inflows totalling US$47.2bn, down 12% on 2024. The most substantive growth in flows came from Germany, seeing inflows of US$2.5bn compared to outflows of US$43m in 2024. Canada also saw a similar recovery, with inflows of US$1.1bn last year compared to outflows of US$603m in 2024. Appetite in Switzerland rose modestly with inflows of US$775m in 2025, up 11.5% year-on-year (YoY).Bitcoin suffered last year, seeing a 35% decline in flows, with inflows of just US$26.9bn in 2025. A combination of price falls led to inflows of US$105m into short-bitcoin investment products over 2025, although they remain niche with total assets under management (AuM) of only US$139m.Ethereum saw the most substantive gains, with inflows of US$12.7bn, up 138% YoY. XRP and Solana saw a rise of 500% (US$3.7bn) and 1000% (US$3.6bn) respectively in 2025. The remaining altcoins saw a decline in sentiment with a fall in inflows YoY of 30% (US$318m).To access all our research click here.To see the full detail report, click here. Digital Asset Fund Flows 2025 Report was originally published in CoinShares Research Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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