Crypto-based funds attracted $3.17 billion in new capital, even as markets reeled from tariff-related tensions between the United States and China, according to CoinShares weekly report.
On Oct. 10, President Donald Trump announced that the US could raise tariffs in response to China’s new rare-earth export restrictions.
The statement triggered a broad sell-off across risk assets, lowering crypto prices and prompting outflows of about $159 million from digital-asset investment products on the day.
Notably, the correction also triggered around $20 billion worth of liquidations from crypto traders holding leveraged positions in the market.
At the same time, the sharp downturn wiped 7% off crypto investments’ total assets under management (AUM), cutting them to $242 billion.
Yet, the same announcement also fueled a record trading frenzy.
According to CoinShares, crypto ETPs’ daily volumes peaked at $15.3 billion during Friday’s trading sessions. This helped push the total weekly volumes across these products to $53 billion, which is double the average for this year.
These numbers highlighted a growing trend: investors are increasingly turning to regulated crypto funds as a hedge against short-term volatility. This positioning has persisted throughout the year, with total inflows now exceeding $48.7 billion in 2025.
Bitcoin dominates market
Bitcoin remained the clear beneficiary of institutional inflows, attracting $2.67 billion last week, bringing its year-to-date total to $30.2 billion.
According to CoinShares, this milestone came despite Bitcoin’s modest flows of $390,000 on Oct. 10, which contrasted sharply with the fact that BTC saw its highest daily volume ever recorded, $10.4 billion, on the same day.
On the other hand, Ethereum, the second-largest crypto asset, lagged behind, posting $338 million in inflows after $172 million in withdrawals during the Oct. 10 sell-off.
CoinShares noted that this reversal signals lingering caution, with investors viewing Ethereum as more exposed to short-term market shocks.
Still, ETH’s total flows for the year now stand at approximately $14 billion, while its assets under management hover around $36 billion.
Meanwhile, the slowdown extended to other major digital assets, such as Solana and XRP, which attracted $93.3 million and $61.6 million, respectively.
Despite expectations surrounding their upcoming ETF approvals, investor enthusiasm for these products appears to have cooled.
This suggests that investors’ capital is consolidating around Bitcoin as risk appetite fades.
