Bitcoin Investment Sentiment Turned Bullish After Largest Weekly Fund Inflow in a Year
The total digital asset inflows was $199 million, reversing nearly half of the previous nine consecutive weeks of outflows.
Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products - after of outflows, according to a report from European digital asset manager CoinShares.
Bitcoin-related products were the primary asset for inflows, seeing $188 million in total, representing 94% of the total flows. Short-bitcoin products saw total outflow of $4.9 million, for the ninth consecutive week, according to the report.
This comes after a number of high profile institutions filed for exchange traded funds (ETF) last week and bitcoin (BTC) price hit . Asset management giant BlackRock an application to roll out a spot bitcoin ETF on June 15. There were also re-filings for similar products by well-known TradFi firms such as Invesco and WisdomTree.
“We believe this renewed positive sentiment is due to recent announcements from high profile ETP issuers that have filed for physically backed ETFs with the U.S. Securities Exchange Commission,” the report said.
The inflows totalled $199 million, which reversed almost half of the prior nine consecutive weeks of outflows. The report noted that Exchange Traded Product (ETP) trading volumes totalled $2.5 billion for the week.
Meanwhile, Ethereum saw inflows of $7.8 million, representing only 0.1% of assets under management (AUM), relative to bitcoin's inflows of 0.7%, demonstrating than bitcoin at present.
However, the positive sentiment didn’t flow through into altcoin investments, according to the report. “This turn in sentiment didn’t trickle down to altcoins with only very minor inflows into XRP and Solana totalling $0.24m and $0.17m respectively. But the improved sentiment did encourage some investors to buy multi-asset investment ETPs, with $8m inflows last week,” the CoinShares report added.
Edited by Aoyon Ashraf.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blocks as Key Strategies: Boosting Energy, Enabling Tech Departures, and Supporting Legal Protection
- Eni SpA acquires 50% stake in Uruguay's OFF-5 offshore block , enhancing its exploration portfolio and Argentina collaboration. - Camlin Fine Sciences adjusts Vinpai acquisition timeline post-Indian regulatory approval, highlighting cross-border deal complexities. - Bain Capital sells $1.14B Coherent Corp. block and $2B Kioxia stake, reflecting tech sector exit strategies amid valuation concerns. - Amazon secures temporary block on New York labor law, challenging state jurisdiction over federal union dis
Bitcoin Updates: Navigating Crypto’s Fine Line—ETF Inflows and Federal Reserve Decisions Shape Upcoming Trends
- Bitcoin and altcoins face a fragile balance between ETF inflows/outflows and Fed policy uncertainty, with BTC trading above $87,000 amid mixed technical indicators. - Ethereum ETFs saw $79M inflows while Bitcoin ETFs lost $151M, highlighting institutional demand volatility as macroeconomic risks persist ahead of the Fed's December decision. - Technical analysis shows Bitcoin below key EMAs with RSI near oversold levels, while Ethereum's death cross pattern and XRP's constrained momentum signal bearish pr
Bitcoin News Update: Bulls and Bears Face Off in a High-Stakes Technical Battle in the Crypto Market
- Bitcoin and major altcoins test critical technical levels as year-end approaches, with mixed signals from institutional activity and derivatives positioning. - Key resistance levels ($89,000 for BTC, $3,000 for ETH) remain contested, with breakdown risks threatening $80,600 and $2,400 support zones. - ETF inflows ($128M for BTC, $79M for ETH) contrast with macroeconomic headwinds, including Fed policy uncertainty and regulatory risks for XRP . - Derivatives data shows bullish positioning (3.14% XRP open
ZEC Experiences Rapid Price Increase: Unveiling the Driving Force of the Cryptocurrency Surge
- Zcash's $9.24B market cap surge by late 2025 stems from strategic upgrades, institutional adoption, and robust on-chain activity. - Institutional investors like Reliance Global Group and proposed ETFs signal growing acceptance of Zcash's hybrid privacy-transparency model. - Network metrics show 1,300% transaction volume spikes, $47.5M fee revenue, and 23% shielded supply, reflecting privacy demand amid compliance needs. - Sustainability concerns arise over ETF centralization risks, speculative FOMO-drive
Trending news
MoreCrypto prices
More
