Retail stock buying falls 95% as digital asset products attract record inflows

  • Individual investors put about $1 billion into single stocks over 20 trading days through Sept. 26, roughly 95% below April 2025 levels.
  • Global digital asset products recorded $3.55 billion in weekly inflows, led by Bitcoin with $2.52 billion, or about 71% of the total.
  • Assets under management reached about $173 billion and year-to-date inflows about $8.6 billion, while individuals were net sellers of U.S. stocks for an eighth consecutive week.

Individual investors put about $1 billion into single stocks over the 20 trading days through Sept. 26, roughly 95% below the comparable April 2025 figure of about $20 billion and near a two-year low, according to The Kobeissi Letter. Meanwhile, CoinShares reported $3.55 billion in weekly net inflows to global digital asset investment products, the largest weekly total of the year, lifting assets under management to about $173 billion and year-to-date inflows to approximately $8.6 billion. Bitcoin products led with $2.52 billion, followed by Ethereum at $702 million, Solana at $193 million and XRP at $92.3 million. Earlier reports cited totals of about $3.5 billion and differing Bitcoin figures of $2.38 billion-$2.39 billion, reflecting source or measurement differences. Crypto-product flows include institutional and individual investors and do not isolate retail demand.

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