The US government closures and weak employment reports have pushed digital asset investment products into the strongest weekly influx on record.
Crypto investment products attracted $5.95 billion inflows last week, pushing their managed total assets (AUM) to an all-time high of $245 billion, according to the latest Coinshares report.
The rally did not emerge from retail excitement or online speculation. Instead, it comes from macroeconomic unrest following US government shutdowns and disappointing employment data.
Investors appeared to interpret both the warning signs of the country’s fiscal resilience and the policy direction of the Federal Reserve.
James Butterfill, research director at Coinshares, explained that the influx reflects recent rate cuts by the Federal Open Market Committee and delayed investors’ response to current US government events.
According to him:
“We believe this is due to a delayed response to FOMC’s interest rate cuts, which was exacerbated by very weak employment data, as demonstrated by concerns about the US government’s stability following the release of ADP salary on Wednesday and closures.”
This has created a wave of capital evacuation in assets that are perceived as both liquid and elastic.
Coinshares’ report suggests that investors appear to be treating digital assets not as speculative theatre, but as macrohedging instruments in response to financial turbulence and liquidity changes.
Bitcoin is watching the strongest week
As expected, Bitcoin absorbed most of last week’s influx, earning a record $3.55 billion in fresh capital. This is the strongest week in history.
In particular, 12 US-based Bitcoin ETF providers, including BlackRock, accounted for about $3.2 billion of that total.
Conversely, short Bitcoin products didn’t see the flow of the week. BTC prices reached new all-time highs of over $125,000 over the weekend.
The move highlights the enduring role of Bitcoin as a liquidity anchor in the market and the hedge of preferences in uncertain times.
Ethereum and Solana lead to influx
Ethereum also turned the corner during the period.
After weeks of redemption, assets withdrawn $1.48 billion in new capital, increasing the previous year’s total to $13.7 billion. In particular, this is almost tripled the total inflow last year.
At the same time, the Solana-centric fund reached an all-time high of $706.5 million, pushing the 2025 tally to $2.855 billion, while XRP saw $229.4 million in forecasts for new spot investment products.
These influxes indicate that the crypto market is no longer responding to hype, but are responding to macro signals, including liquidity trends, rate policies and institutional sentiment.
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