Last year, the global digital asset investment product market saw a net inflow of over $47 billion, a massive inflow approaching the previous year's record high. However, the direction of the funds shifted, with a notable outflow from Bitcoin (BTC) and a concentration of funds in certain altcoins such as Ethereum (ETH), Ripple (XRP), and Solana (SOL), as well as in specific regions such as Germany and Canada.
According to the "2025 Digital Asset Fund Inflow Report" released by European digital asset management company CoinShares on the 7th, a total of $47.2 billion (KRW 68.4022 trillion) of net inflows into global digital asset investment products last year were recorded, nearly reaching the $48.7 billion recorded in 2024. Despite volatility at the beginning of the year, the inflows continued as the year progressed, demonstrating robust investment demand across the market.
The report explained, โDespite some outflows in the final week of the year, there was a net inflow of $671 million on Friday (the 26th of last month), recording a net inflow of $582 million for the week.โ
By region, the United States retained its position as the largest market, attracting over $44.5 billion, but inflows declined by 12% year-on-year. Conversely, Germany and Canada, which had previously recorded net outflows in 2024, returned to net inflows of $2.5 billion and $1.1 billion, respectively. Switzerland also joined the gradual recovery, attracting $775 million, an 11.5% increase year-on-year.
In terms of asset-specific flows, the shift from Bitcoin to major altcoins was identified as a key market characteristic in 2025. Bitcoin-related investment products saw an inflow of $26.9 billion, a 35% decrease year-on-year. Conversely, short Bitcoin products saw an inflow of $105 million, coinciding with the price decline, confirming some defensive investment demand.
Among altcoins, Ethereum showed the most stable growth, attracting $12.7 billion, a 138% increase year-over-year. XRP and Solana also saw explosive growth, with inflows of $3.7 billion and $3.6 billion, respectively, representing 500% and 1,000% increases. Conversely, inflows into other altcoin investment products, excluding these major cryptocurrencies, amounted to only $318 million, a 30% year-over-year decrease.
