3 min läsningRenewed Optimism in Crypto Markets as Inflows Break 5-Week Outflow Streak
Digital asset investment products saw a reversal last week, breaking a five-week streak of outflows, with inflows totalling US$644m.
Bitcoin led the recovery, attracting US$724m in inflows and ending a five-week outflow streak that had totalled US$5.4bn.
Ethereum faced the heaviest outflows, with US$86m exiting the asset, while Solana recorded US$6.4m in inflows, with Polygon and Chainlink seeing more modest gains.
Digital asset investment products saw a reversal last week, breaking a five-week streak of outflows, with inflows totalling US$644m. Total assets under management have risen by 6.3% from their low point on March 10th. Notably, every day last week recorded inflows, following a 17-day consecutive run of outflows—signalling a decisive shift in sentiment toward the asset class.
The majority of flows originated from the US, which saw US$632m in inflows. However, the positive sentiment was broad-based, with Switzerland, Germany, and Hong Kong also recording inflows of US$15.9m, US$13.9m, and US$1.2m, respectively.
Bitcoin led the recovery, attracting US$724m in inflows and ending a five-week outflow streak that had totalled US$5.4bn. Meanwhile, short-Bitcoin investment products saw a third consecutive week of outflows, totalling US$7.1m.
Sentiment in the altcoin space was mixed. Ethereum faced the heaviest outflows, with US$86m exiting the asset. Other altcoins with notable outflows included Sui (US$1.3m), Polkadot (US$1.3m), Tron (US$0.95m), and Algorand (US$0.82m).
On the other hand, Solana recorded US$6.4m in inflows, while Polygon and Chainlink saw more modest gains of US$0.4m and US$0.2m, respectively.
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