Digital asset investment products recorded US$187 million in net outflows last week, a slower pace than earlier periods even as price pressure remained in place. CoinShares said assets under management fell to US$129.8 billion, the lowest level since March 2025. The decline tracked the market volatility that followed US tariffs, pointing to a more cautious stance from investors.
Bitcoin leads outflows while XRP draws the strongest inflows
Bitcoin posted US$264 million in outflows for the week, showing that investor caution around the largest crypto asset has not faded. Flows into other products told a different story. XRP led all assets with US$63.1 million in inflows, while Solana brought in US$8.2 million and Ethereum added US$5.3 million. CoinShares also noted that XRP has gathered US$109 million in year-to-date inflows, making it the strongest performer on that measure so far this year.
Regional data shows selective confidence
By region, Germany accounted for US$87.1 million of inflows, followed by Switzerland at US$30.1 million, Canada at US$21.4 million, and Brazil at US$16.7 million. Those figures suggest that while the broader market remained under pressure, demand persisted in specific jurisdictions and products rather than disappearing across the board.
ETP turnover jumps to a new all-time high
Trading activity moved in the opposite direction of headline fund flows. Digital asset ETP volume rose from the previous peak of US$56.4 billion in October 2025 to a record US$63.1 billion. That increase points to elevated participation during the correction. CoinShares said the slower pace of outflows may reflect investors reassessing risk tolerance as volatility rises, and could indicate the market is nearing a bottom.
The report added that shifts in the speed of outflows have historically offered a clearer read on sentiment changes than price moves alone. Bitcoin is still seeing net redemptions. Even so, the moderation in total outflows suggests pressure is no longer accelerating at the same rate.
Quantum risk stays in the background for now
CoinShares researchers also addressed concerns around quantum computing and Bitcoin, writing that “Bitcoin’s quantum threat is not a near-term crisis but a predictable engineering issue, with plenty of time to adapt.” According to the report, current quantum technology has not broken, and cannot break, the cryptography underpinning Bitcoin today. The longer-term risk remains on the horizon, but it is not the main driver of current market behavior.