Advertisement Disclosure: When you purchase through our sponsored links, we may earn a commission from our partners. By using this website you agree to our T&Cs.
The cryptocurrency market has experienced a historic week, with digital asset investment products attracting a record $5.96 billion in inflows.
Crypto markets are surging after one of the largest institutional accumulation weeks on record. Asset managers including BlackRock, Fidelity, Grayscale, Bitwise, ProShares, and 21Shares recorded a combined $5.96 billion in inflows into digital asset investment products last week, according to new data from CoinShares.
The surge, driven by a delayed reaction to weak U.S. employment data and renewed concerns over government stability following the October 1 shutdown, marks the largest weekly total since records began. The wave of capital helped push Bitcoin (BTC) to a new all-time high above $125,000 as investors repositioned ahead of an expected Federal Reserve rate cut.
CoinShares data show that BlackRock attracted around $1.98 billion in inflows, followed by Fidelity with $1.02 billion, Grayscale with roughly $946 million, Bitwise at $785 million, ProShares with $685 million, and 21Shares adding about $544 million. Together, these firms accounted for the lion’s share of last week’s record inflows into digital asset funds.
Inflow breakdown: Bitcoin dominates, Altcoins & ETFs rally
The inflows were broad but led by Bitcoin:
* Bitcoin products absorbed $3.55 billion, the largest weekly figure ever recorded.
* Ethereum funds collected $1.48 billion, bringing year-to-date inflows to $13.7 billion.
* Solana (SOL) smashed its weekly record with $706.5 million, lifting its YTD flow to $2.58 billion.
* XRP saw $219.4 million in inflows.
Other notable trends:
* U.S. crypto funds led the surge with a new record of $5 billion in weekly inflows.
* Switzerland posted $563 million, a weekly record for the country.
* Germany saw its second-highest inflows ever, totaling about $312 million.
Bitcoin ETFs also played a key part, pulling in $3.24 billion for the week. Daily flows peaked on October 3 with $985 million, pushing cumulative inflows above $60 billion and total net assets to $164.5 billion, according to SoSoValue data.
Assets under management across digital asset funds have now climbed to $254 billion. CoinShares Head of Research James Butterfill said the data represent “a decisive shift in investor behavior,” noting that inflows of this scale “highlight growing comfort among institutions as liquidity and regulatory clarity improve across major markets.”
The forces behind the record inflows
The historic record inflows come as the U.S. faces fresh economic uncertainty. A government shutdown triggered by a congressional budget standoff has sidelined nearly 900,000 federal workers, stalled key economic reports, and heightened investor concerns over fiscal stability.
At the same time, the U.S. dollar is on track for its worst year since 1973, down more than 10% year-to-date and suffering its steepest half-year decline in over five decades. Coupled with September’s 32,000-job decline in private payrolls, according to the ADP report.
