Last week, digital asset ETPs saw inflows of $716 million, with Bitcoin and XRP leading the way.

According to a report released by CoinShares, the digital asset ETP market recorded $716 million in inflows last week, indicating a significant improvement in investor risk appetite. Total assets under management (AUM) rose to $180 billion, rebounding 7.9% from the November low. Although the overall scale remains below the historical peak of $264 billion, net inflows have been maintained for two consecutive weeks, reflecting a gradual recovery in market confidence.

In terms of regional distribution, the United States continues to lead, attracting $483 million in inflows. Germany and Canada followed, recording $96.9 million and $80.7 million, respectively. This suggests that the current wave of capital return is a global phenomenon rather than being driven by a single region.

Bitcoin remains the main beneficiary, recording $352 million in inflows, bringing its year-to-date inflows to $27.1 billion. Although this level is still well below the $41.6 billion in 2024, there was a significant outflow of $18.7 million from short Bitcoin products this week—the largest since March 2025—indicating that investors believe the market’s negative sentiment may have bottomed out.

Notably, XRP funds performed exceptionally well, with $245 million in inflows last week, bringing year-to-date inflows to $3.1 billion, far exceeding the $608 million in 2024. This demonstrates sustained institutional confidence in the XRP ecosystem.

Additionally, Chainlink (LINK) also stood out, recording $52.8 million in inflows—a record high—accounting for over 54% of its assets under management (AUM), making it one of the strongest performing altcoins recently. Data indicates rapidly growing institutional demand for the oracle sector.

Although there were minor outflows on Thursday and Friday last week due to US macroeconomic data, the overall trend remains positive. As inflation and interest rate expectations become clearer and crypto market volatility stabilizes, the capital structure of digital asset ETPs is recovering. Overall, the broad inflows this week not only reflect the return of institutional investors but also suggest that the foundation for the crypto market in 2025 is strengthening.