Crypto Investment Products See $644M Inflows, Ending Five-Week Outflow Streak

Crypto investment products witnessed a sharp turnaround last week, recording $644 million in inflows after five consecutive weeks of outflows. This shift signals renewed investor confidence, with total assets under management (AUM) rising 6.3% from their March 10 low.

The products experienced inflows daily last week, marking a significant reversal from a 17-day streak of outflows.

Bitcoin Led With $724M Inflows

According to CoinShares head of research James Butterfill, Bitcoin-linked investment products led the recovery, attracting $724 million in inflows and ending a five-week outflow streak totaling $5.4 billion. On the other hand, short-Bitcoin investment products benefit from price declines and saw $7.1 million in outflows for the third consecutive week.

This resurgence in Bitcoin-linked products coincided with BTC’s price surge above $87,000.

The recovery and expectations of US Federal Reserve liquidity injections have fueled bullish sentiment in the original cryptocurrency. BTC traded at $87,766 at press time, up 3.6% in the past 24 hours and 5.4% over the past week.

BitMEX co-founder and former CEO Arthur Hayes predicted BTC could reach $110,000 before a potential pullback to $76,500. He cited the Fed’s shift from quantitative tightening (QT) to quantitative easing (QE) as the reason behind his bullish prediction.

Ethereum Faces Selling Pressure

Meanwhile, Ethereum continues to face selling pressure. Investment products linked to the world’s second-largest cryptocurrency saw $86 million in outflows last week—the highest among major altcoins. Other altcoins that also experienced sell-offs include Sui ($1.3 million), Polkadot ($1.3 million), Tron ($0.95 million), and Algorand ($0.82 million).

On the other hand, Solana continues to attract institutional interest, with $6.4 million in inflows last week. Polygon and Chainlink also saw modest inflows of $0.4 million and $0.2 million, respectively.

Regionally, the United States accounted for the bulk of inflows, contributing $632 million. Switzerland, Germany, and Hong Kong also recorded inflows of $15.9 million, $13.9 million, and $1.2 million, respectively. In contrast, crypto investment products from Canada and Sweden saw outflows of $9.1 million and $10.3 million, respectively.