Main Points:
- 10th Consecutive Week of Net Inflows: Digital-asset investment products saw US$1.24 billion of net inflows last week, pushing YTD inflows to a record US$15.1 billion.
- Bitcoin Leads with US$1.10 Billion: Bitcoin products attracted the lion’s share of inflows, buoyed by investors “buying the dip” amid price weakness.
- Ethereum’s 9-Week Streak: Ethereum saw US$124 million of inflows, marking its longest rally of fund inflows since mid-2021.
- Regional Dynamics: The United States dominated flows (US$1.25 billion), while Hong Kong (–US$32.6 million) and Switzerland (–US$7.7 million) recorded outflows.
- Altcoin Highlights: Smaller inflows were seen in Solana (US$2.78 million) and XRP (US$2.69 million).
- Institutional Powerhouses: BlackRock’s iShares ETFs led all issuers with US$1.3 billion of inflows, underscoring growing institutional adoption.
- Market Sentiment: Although inflows persisted, the pace slowed late in the week on account of the US Juneteenth holiday and reports of US involvement in Iran-Israel tensions.
Sustained Inflows Amid Global Uncertainty
Digital-asset investment products extended their streak to 10 consecutive weeks of net inflows, totaling US$1.24 billion for the week ending June 20, 2025. This surge has driven year-to-date (YTD) inflows to US$15.1 billion, a new historic high. The remarkable continuity of positive flows highlights a robust appetite among institutions and retail investors alike for crypto exposure, despite macro and geopolitical headwinds.
Bitcoin Investment Products Lead the Charge
Bitcoin-based products stole the spotlight, registering US$1.10 billion of net inflows—the second consecutive week of positive flows—even as spot prices corrected from approximately US$108,800 down to US$103,000 over the same period. This pattern suggests “buy-on-weakness” behavior from investors looking to accumulate BTC during pullbacks. Notably, short-Bitcoin products saw modest outflows of US$1.4 million, further confirming conviction in a bullish medium- to long-term outlook for Bitcoin.
Ethereum’s Historic Streak of Inflows
Ethereum-focused investment products continued their impressive run, with US$124 million of net inflows for the week—extending a streak to 9 consecutive weeks, the longest since mid-2021 when ETH prices were hitting all-time highs. Market analysts attribute this resilience to improving investor sentiment around Ethereum’s upcoming protocol upgrades, including enhancements to scalability and energy efficiency. Over this 9-week stretch, ETH products have amassed a cumulative US$2.2 billion in inflows.
Regional Dynamics and Outflows
Geographically, the United States dominated fund flows, accounting for US$1.25 billion of last week’s inflows, driven largely by adoption of Bitcoin and Ethereum ETFs. Europe and Canada also contributed modest inflows of US$10.9 million and US$20.9 million, respectively. Conversely, traditional crypto hubs like Hong Kong and Switzerland experienced outflows of US$32.6 million and US$7.7 million, as regional investors took profits amid local regulatory uncertainties.
Altcoin Fund Flows: Solana and XRP Among Minor Winners
While dominated by BTC and ETH, the week also saw smaller inflows in select altcoin products:
- Solana (SOL): US$2.78 million
- XRP: US$2.69 million
These figures, though modest, signal renewed interest in Layer-1 alternatives as speculative positions emerge ahead of network upgrades and potential ecosystem partnerships.
Institutional Players: BlackRock and Others
In the issuer landscape, BlackRock’s iShares crypto ETFs are setting the pace, with US$1.3 billion of inflows last week alone, representing over 3% of Bitcoin’s circulating supply under management by June 20. Other notable issuers include ProShares (US$77 million) and Bitwise (US$33 million). Meanwhile, ARK Invest and Fidelity saw outflows of US$188 million and US$62 million, respectively, suggesting portfolio rebalancing by some asset managers.
Market Sentiment and Future Outlook
Although inflows remained robust, trading activity tapered in the week’s latter half. The US Juneteenth holiday and fresh headlines of US involvement in the Iran-Israel conflict contributed to a temporary cooling of investor sentiment, reflected in a dip in the Crypto Fear & Greed Index from “Greed” to “Fear” before rebounding to “Neutral” on Monday. Looking ahead, market watchers will monitor upcoming Federal Reserve communications for cues on interest-rate policy, as any signs of dovishness could reinvigorate inflows across crypto products.
Weekly Fund Flows by Asset
Below is a breakdown of last week’s net inflows by major assets:
Conclusion
The latest US$1.24 billion of net inflows mark a continuation of an unprecedented 10-week rally in digital-asset investment products, driven primarily by Bitcoin and Ethereum and fueled by institutional adoption from giants like BlackRock. Despite macroeconomic uncertainties—particularly geopolitical tensions in the Middle East and a cautious US monetary policy stance—investors are demonstrating a persistent appetite for crypto exposure, especially on price pullbacks. As regulatory frameworks evolve and network upgrades for Ethereum and other Layer-1 platforms draw near, the coming months should offer fresh opportunities for both risk‐tolerant speculators and long-term strategic allocators to the digital-asset space.
