Massive Capital Flows into Bitcoin, Ethereum, Solana, and XRP: Continued Positive Trend with the Strongest Momentum

Digital asset investment products posted an impressive performance last week with a total net inflow of $2.17 billion—marking the best weekly achievement since October 2025. Bitcoin, Ethereum, Solana, and XRP led this wave of optimism, indicating that positive momentum in the crypto sector continues despite the policy landscape remaining full of uncertainty.

Largest Inflow Since October: Bitcoin Dominates

Data from CoinShares on Monday showed that Bitcoin gathered $1.55 billion in inflows this week, becoming the main driver of growth. Ethereum followed with an addition of $496 million, while Solana attracted $45.5 million, proving that investor interest extends beyond Bitcoin to a broader altcoin ecosystem.

This achievement reflects ongoing confidence in leading digital assets, especially with new institutional allocations entering. This week’s performance marks the strongest momentum since October last year, with 24-hour trading volume showing active activity across all three assets.

Sharp Reversal: Geopolitical Tensions Change Direction

However, this week’s journey was not smooth. On Friday, market sentiment reversed drastically, recording an outflow of $378 million after renewed geopolitical tensions and new trade tariff threats emerged. Frictions related to Greenland and domestic policy uncertainties in the United States became the main triggers for this capital withdrawal.

James Butterfill, Head of Research at CoinShares, linked these fluctuations to ambiguous policy signals. News about Kevin Hassett, seen by some as a potential candidate to lead the US Federal Reserve, remaining in his current position, added a layer of regulatory uncertainty affecting crypto market sentiment.

Regional Distribution: United States Dominates

From a geographic perspective, the United States became the main hub of capital flows with $2.05 billion in inflows. Other countries also showed positive trends: Germany ($63.9 million), Switzerland ($41.6 million), Canada ($12.3 million), and the Netherlands ($6 million) all recorded positive inflows. This pattern indicates that interest in digital assets is global, although the US market dominance remains significant.

Altcoins and NFTs: Small but Meaningful Movements

While Bitcoin and Ethereum drew attention, altcoins also showed solid performance despite smaller scales. XRP led the altcoin segment with inflows of $69.5 million, followed by Sui, Lido, and Hedera, which recorded moderate inflows. This phenomenon indicates that investors are not only focused on the largest crypto assets.

Blockchain equity products also attracted $72.6 million, showing that investors still see value in expressing crypto exposure through traditional public market instruments. The Pudgy Penguins case is an interesting example, evolving from a speculative digital asset into a multi-vertical consumer IP platform with retail sales exceeding $13 million and over 1 million units sold.

Bitcoin Anomaly: Not Following Weakening Dollar

One of the interesting phenomena this week is that Bitcoin did not show a positive correlation with the weakening US dollar—something that has historically often occurred. JPMorgan strategists stated that the dollar’s weakness was driven by short-term capital flows and sentiment shifts alone, not fundamental changes in economic growth or monetary policy expectations.

They project that the dollar will stabilize as the US economy gains momentum. The implication: the market does not see the current dollar weakness as a sustained macro shift, so Bitcoin continues to function more like a liquidity-sensitive risk asset rather than a reliable dollar hedge. Gold and emerging markets are actually benefiting most from this dollar rotation.

Next week will be an important indicator of whether this positive flow will persist or if the negative trend continues, given the dynamic macroeconomic and geopolitical landscape.