The US government shutdown and weak jobs report pushed digital asset investment products to their strongest weekly inflows on record.
According to the latest Coinshares report, crypto-related investment products attracted $5.95 billion in inflows last week, pushing total assets under management (AUM) to an all-time high of $245 billion.
This rally did not emerge from retail excitement or online speculation. Instead, it stems from macroeconomic uncertainty following the U.S. government shutdown and disappointing employment data.
Investors appeared to interpret both warning signs about the country’s fiscal resilience and the Federal Reserve’s policy direction.
James Butterfill, head of research at Coinshares, explained that the inflow reflects investors’ delayed reaction to the Federal Open Market Committee’s recent rate cuts and current US government events.
According to him:
“We believe this is due to the FOMC’s delayed response to interest rate cuts, exacerbated by very weak employment data, as demonstrated by Wednesday’s release of ADP payrolls and concerns about the stability of the US government following the shutdown.”
This has led to a wave of capital taking refuge in assets perceived to be both liquid and resilient.
The Coinshares report suggests that investors appear to be treating digital assets not as speculative plays, but as macro-hedging instruments to respond to financial turbulence and liquidity changes.
Bitcoin Sees Strongest Week
As expected, Bitcoin absorbed most of the inflows last week, gaining a record $3.55 billion in fresh capital. This is the strongest week in history.
Notably, 12 US-based Bitcoin ETF providers, including BlackRock, accounted for approximately $3.2 billion of that total.
Conversely, short Bitcoin products did not see any flow for the week. BTC price reached a new all-time high of over $125,000 over the weekend.
The move highlights Bitcoin’s enduring role as a market liquidity anchor and a hedge of preference in uncertain times.
Ethereum and Solana will lead to inflows
Ethereum also turned a corner during the period.
After several weeks of redemptions, the asset drew $1.48 billion in new capital, raising the previous year’s total to $13.7 billion. Notably, this nearly triples last year’s total inflow.
At the same time, Solana-focused funds hit an all-time high of $706.5 million, pushing the 2025 tally to $2.855 billion, while XRP saw $229.4 million in new spot investment product expectations.
These inflows indicate that the crypto market is no longer reacting to hype, but to macro signals such as liquidity trends, pricing policy, and institutional sentiment.
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