US$716 million flowed into digital asset ETPs in the week to December 8, 2025. The significant inflows pushed total assets under management (AUM) to US$180 billion, with capital primarily concentrated in Bitcoin and XRP products, while Chainlink also saw notable demand. This marks the second consecutive week of positive flows, suggesting improving institutional investor sentiment.
Bitcoin ETPs attracted the largest share of inflows at US$352 million, maintaining its dominant position in the digital asset space. XRP products followed with impressive inflows of US$245 million, demonstrating outsized interest compared to its recent activity levels. Meanwhile, Chainlink recorded a remarkable US$52.8 million in inflows, equivalent to more than half of its existing AUM, highlighting concentrated buying interest in this particular product.
The distribution of these inflows suggests a broadening appetite for both large-cap tokens and alternative digital assets within regulated exchange-traded formats. Notably, short Bitcoin products experienced outflows totaling US$18.7 million during the same period, potentially indicating reduced hedging activity as investor sentiment improved.
Bitcoin dominates as XRP and Chainlink show strong performance
Total AUM for digital asset ETPs has now reached US$180 billion, though this remains below the prior all-time peak of US$264 billion. The gap between current AUM and the historical high suggests there is still significant room for further capital inflows if market sentiment and macroeconomic conditions continue to be supportive.
The concentration of flows into multiple tokens indicates that investor allocation is expanding beyond traditional large-cap cryptocurrencies, with appetite for token-specific exposure widening. Chainlink’s unusually large inflow relative to its market size may affect liquidity and short-term price sensitivity in smaller ETPs.
From a compliance perspective, these flows demonstrate continued demand for regulated, custodial access to crypto exposure. While Ethereum was noted as a key market participant, it did not lead inflows during this reporting period. Short-product outflows suggest traders reduced hedged positions, which could influence ETP providers’ hedging costs and NAV management.
An ETP, or exchange-traded product, is a market-listed investment vehicle that tracks the price of an asset or basket of assets, while AUM refers to the total market value of assets that an investment vehicle or firm manages on behalf of clients.
