The approval of the 401(k) triggered a fund inflow of $572 million, with ETH and BTC experiencing a strong recovery.
According to the weekly report from CoinShares, the main influence was the approval of the American 401(k) pension plan for investing in crypto assets, resulting in a net inflow of $572 million into global digital asset investment products last week.
Despite a $1 billion outflow early last week due to weak employment data, the approval of the new 401(k) policy led to a recovery in fund inflows in the second half of the week to $1.57 billion, contributing to an overall net inflow.
In terms of specific assets, Ethereum ETPs led with an inflow of nearly $270 million, allowing the total year-to-date inflow to rise to a record $8.227 billion and increasing the total assets under management (AUM) to an all-time high of $31.9 billion, with a growth rate since the beginning of 2025 reaching 82%.
Bitcoin, after two weeks of outflow, rebounded last week with an inflow of $265 million, contributing to the total year-to-date inflow rising to a record $20.533 billion.
Additionally, Solana, XRP, and Cardano recorded net inflows of $21.8 million, $18.4 million, and $15 million, respectively.
In terms of countries/regions, last week the net inflow of funds still remained above, with the USA and Canada recording inflows of $608 million and $16.5 million, respectively, demonstrating strong demand in the North American market. However, a bearish trend persists in the European market, with Germany, Sweden, and Switzerland collectively withdrawing $48.9 million.
Meanwhile, possibly due to the calm market state in the summer months, the trading volume of digital asset ETPs decreased by 23% compared to the previous month.
It is worth noting that market prices for spot BTC and ETH also saw various levels of growth from the weekend to Monday. According to Coingecko data, Bitcoin rose by 2.7% over the last 24 hours, currently priced at $12,218; Ethereum increased by 1.2%, currently priced at $4,255.
In conclusion, despite the outflow of funds early last week due to weak macroeconomic data, the approval of the 401(k) pension plan for investing in crypto assets directly gave a strong boost to the market and contributed to a net inflow into global digital asset investment products last week.
This trend not only reflects the accelerating merger of the crypto market and traditional finance but also indicates that against the backdrop of favorable policies, digital assets are gradually becoming an important part of institutional investments.
