CoinShares releases a report showing that, approaching the end of 2025, global digital asset investment product inflows are nearing a historical high. Data indicates that the net inflow for the year is approximately $47.2 billion, only slightly below the $48.7 billion record set in 2024. Although there were fluctuations at mid-year and weekly levels, overall, the start and end of 2025 have demonstrated strong capital flows, indicating that institutional and long-term investors remain confident in allocating to cryptocurrencies. In terms of regional distribution, the United States remains the core market for global crypto inflows, with a total inflow of about $47.2 billion in 2025, representing a decrease of approximately 12% compared to 2024. Notably, Germany and Canada have experienced a clear reversal. Germany, which was still slightly net outflow in 2024, is expected to see a net inflow of $2.5 billion in 2025; Canada, which had a $600 million outflow last year, has shifted to a net inflow of $1.1 billion, reflecting a recovery in investment sentiment in parts of North America and Europe. Swiss demand has also rebounded, with total inflows of approximately $75.5 million for the year, an increase of over 11% year-over-year.