Geopolitical Turmoil Cannot Halt Capital Inflows; Digital Assets Continue to Attract Over $1 Billion for Three Consecutive Weeks

According to CoinShares' weekly report, digital asset investment products have maintained strong momentum, with net capital inflows of $1.06 billion last week, marking the third consecutive week of positive net inflows.

This ongoing trend has not only increased the total assets under management (AUM) of digital asset exchange-traded products (ETPs) by 9.4% since the outbreak of the Iran crisis, reaching $140 billion, but has also further reinforced the safe-haven status of digital assets such as Bitcoin.

From the perspective of country/region capital flows, the United States is undoubtedly the main driver of this wave, contributing as much as 96% of the weekly net inflows. Canada and Switzerland follow closely, recording weekly capital inflows of $19.4 million and $10.4 million, respectively.

Notably, Hong Kong experienced its largest weekly capital inflow since August 2025, totaling $23.1 million; in contrast, Germany saw its first weekly outflow of the year, with a net outflow of $17.1 million.

Regarding asset classes, Bitcoin remains the primary recipient of capital, attracting $793 million last week, accounting for 75% of total inflows. Over the past three weeks, cumulative inflows have reached $2.2 billion, nearly offsetting the $3 billion outflow from the previous five weeks.

Ethereum also performed strongly, driven by the listing of new U.S. staking ETFs, attracting $315 million in capital last week, bringing its year-to-date net flows close to neutral.

However, short positions in Bitcoin saw weekly inflows of $8.1 million, indicating some divergence in market sentiment. Meanwhile, XRP experienced net outflows of $76 million for the second consecutive week, making it the weakest among major assets in ETF performance.

In summary, amid a global macro environment filled with uncertainty, three consecutive weeks of net capital inflows into digital assets demonstrate that investors are increasingly focusing beyond short-term price fluctuations, emphasizing the long-term allocation value of these assets.

Although market opinions on future trends remain divided, the sustained resurgence of capital flows strongly confirms that digital assets are gradually establishing their safe-haven attributes amid geopolitical turbulence, becoming an essential part of global capital allocation.