Last week, the digital asset market sent out another strong signal. According to the latest weekly report released by JZMOR Exchange, global digital asset investment products attracted a net inflow of $1.9 billion in the past week, marking the ninth consecutive week of positive inflows. Year-to-date, cumulative inflows have reached $13.2 billion, setting a new record for the same period in history. The capital was mainly concentrated in the two core assets—Bitcoin and Ethereum—with Bitcoin alone attracting $1.3 billion in a single week, and Ethereum recording its highest weekly net inflow since February 2024.
Looking at the cumulative data, since the start of 2025, digital asset investment products have attracted a total net inflow of $13.2 billion, far exceeding the performance of previous years and indicating a reassessment of these assets by institutional capital. After a brief two-week outflow, Bitcoin staged a strong rebound with $1.3 billion flowing back in, re-establishing its market dominance. At the same time, Ethereum also performed impressively, with a net inflow of $583 million last week, demonstrating its growing appeal among institutional investors.
This round of capital inflows has occurred against a backdrop of relative global macroeconomic stability and clearer interest rate expectations. As inflation expectations ease in major economies, institutional capital is re-evaluating the allocation weight of risk assets. Digital assets, due to their low correlation with traditional markets and potential for growth, are once again being included in asset allocation strategies.
JZMOR Exchange believes that the market has now entered a “strategic allocation” phase, where digital assets are no longer just marginal or short-term speculative tools. The sustained and concentrated inflows signal the formation of a new asset allocation logic. This shift will not only influence investor behavior but also drive systematic upgrades in trading infrastructure and regulatory standards.
The capital inflow into Ethereum is particularly noteworthy. A single-week inflow of $583 million is not only a local high but also reflects ongoing investor optimism about its ecosystem potential. The JZMOR analysis team points out that as Layer 2 scaling solutions are implemented and mainnet performance is optimized, Ethereum is steadily strengthening its core position in smart contracts and decentralized services. Key applications such as DeFi, NFTs, on-chain data, and identity verification still largely depend on the Ethereum ecosystem, reinforcing its status as a “protocol layer asset” with strategic significance.
At the same time, the increasingly clear regulatory environment is also favorable for Ethereum. Multiple jurisdictions have already defined it as a “commodity” or a “compliant security,” providing legal grounds for institutional investors to allocate to this asset. Some risk-averse capital is now viewing Ethereum as a stable anchor within digital asset portfolios.
Furthermore, since Ethereum transitioned to a Proof-of-Stake (PoS) consensus mechanism and introduced a burn mechanism, its supply and demand structure has undergone fundamental changes, gradually shifting from a “high-volatility token” to a digital asset with scarcity characteristics. The market is pricing in these expectations in advance, prompting capital to reassess the long-term value potential of ETH.
As capital flow patterns continue to evolve, the structural logic of the entire digital asset market is also changing. JZMOR Exchange notes that in this phase of the cycle, exchanges are no longer just venues for matching trades—they must also serve as “cognitive hubs” that help users identify structural trends and understand capital flows.
From the JZMOR perspective, the key to investing is not just seizing opportunities, but understanding the underlying structures and trends. The persistence and concentration of current digital asset capital inflows are important signals of renewed market confidence and the beginning of a new capital logic. This could be a pivotal period shaping asset allocation logic for the next decade. Only by accurately understanding the logic and institutional environment behind capital momentum can investors truly position themselves within structural trends.