Key Takeaways
- • Digital asset investment products recorded $1.1 billion in net inflows last week, the largest weekly total since January 2026, marking the second consecutive week of positive flows after a five-week outflow streak.
- • Bitcoin dominated inflows with $870–881 million of the $1.1 billion total, while Ethereum attracted approximately $190 million, signaling renewed institutional demand for major cryptocurrencies.
- • CoinShares attributed the flow recovery to improved risk sentiment driven by a U.S.–Iran ceasefire agreement and a lower-than-expected U.S. Consumer Price Index (CPI) reading, which reduced macroeconomic uncertainty.
- • Full-year 2025 digital asset flows totaled $47.2 billion globally, just below the 2024 record of $48.7 billion, with significant geographic divergence: the U.S. captured $44.5 billion while Germany and Canada reversed 2024 outflows to record $2.5 billion and $1.1 billion respectively.
- • Institutional hedging demand persists despite flow recovery, with short-Bitcoin products attracting $20.2 million in inflows last week—the largest amount since November 2024—indicating continued downside protection appetite.
Summary
Digital asset investment products attracted $1.1 billion in net inflows during the week ending April 13, 2026, marking a significant recovery in institutional demand and the strongest weekly performance since early January. The inflow reverses a five-week outflow period and represents the second consecutive week of positive flows, according to CoinShares' weekly fund flow report. Bitcoin was the primary beneficiary, capturing $870–881 million of total inflows, while Ethereum contributed approximately $190 million, demonstrating selective institutional interest in major cryptocurrencies amid broader market conditions.
CoinShares attributed the renewed flows to a shift toward risk-on sentiment driven by two key macroeconomic developments: a ceasefire agreement between the U.S. and Iran, which reduced geopolitical uncertainty, and a lower-than-expected U.S. Consumer Price Index reading, which eased inflation concerns and improved the near-term outlook for monetary policy. This geopolitical and inflation relief appears to have encouraged institutional reallocation into digital asset positions after weeks of redemptions.
Notably, demand for downside protection remains evident despite the positive inflow environment. Short-Bitcoin investment products—which allow investors to profit from price declines—recorded $20.2 million in inflows during the week, representing the largest weekly total since November 2024. This persistence of hedging demand suggests institutional investors are maintaining defensive positions even as they increase core cryptocurrency allocations, reflecting a mixed sentiment regarding near-term price stability.
The broader 2025 performance context shows resilience despite near-record flows. Global digital asset inflows for full-year 2025 totaled $47.2 billion, marginally below the 2024 record of $48.7 billion. Geographic flows reveal critical structural shifts: the U.S. maintained dominance with $44.5 billion (down 12% year-over-year), while Germany reversed a 2024 outflow of $43 million to record $2.5 billion in inflows, and Canada similarly swung from $603 million in outflows to $1.1 billion in inflows. These geographic rebalancing patterns suggest expanding international institutional adoption beyond traditional U.S. markets, with Switzerland also posting modest growth of $775 million in 2025 flows.
CoinShares attributed the renewed flows to a shift toward risk-on sentiment driven by two key macroeconomic developments: a ceasefire agreement between the U.S. and Iran, which reduced geopolitical uncertainty, and a lower-than-expected U.S. Consumer Price Index reading, which eased inflation concerns and improved the near-term outlook for monetary policy. This geopolitical and inflation relief appears to have encouraged institutional reallocation into digital asset positions after weeks of redemptions.
Notably, demand for downside protection remains evident despite the positive inflow environment. Short-Bitcoin investment products—which allow investors to profit from price declines—recorded $20.2 million in inflows during the week, representing the largest weekly total since November 2024. This persistence of hedging demand suggests institutional investors are maintaining defensive positions even as they increase core cryptocurrency allocations, reflecting a mixed sentiment regarding near-term price stability.
The broader 2025 performance context shows resilience despite near-record flows. Global digital asset inflows for full-year 2025 totaled $47.2 billion, marginally below the 2024 record of $48.7 billion. Geographic flows reveal critical structural shifts: the U.S. maintained dominance with $44.5 billion (down 12% year-over-year), while Germany reversed a 2024 outflow of $43 million to record $2.5 billion in inflows, and Canada similarly swung from $603 million in outflows to $1.1 billion in inflows. These geographic rebalancing patterns suggest expanding international institutional adoption beyond traditional U.S. markets, with Switzerland also posting modest growth of $775 million in 2025 flows.
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