Crypto investment products see $644M in inflows after five weeks of outflows. | Credit: Lu Qijian/VCG via Getty Images.
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Key Takeaways
Crypto investment products posted net inflows after five weeks of record outflows.
Bitcoin investment products and ETFs saw over $600 million in inflows.
Altcoins continued to bleed and recorded another week of outflows.
After weeks of steady outflows, crypto investment products finally saw a reversal, with $644 million in net inflows last week.
The change in sentiment came after a brutal five-week stretch of withdrawals and was driven in part by optimism surrounding the Federal Reserve’s monetary policy.
According to CoinShares’ latest report, crypto investment products recorded daily inflows last week, marking a decisive shift from a 17-day stretch of withdrawals.
Bitcoin (BTC) led the bullish resurgence, attracting $724 million in net inflows and reversing the $5.4 billion outflow streak that had weighed heavily on the market.
However, a few assets bucked the trend. Solana (SOL) led the altcoin market with $6.4 million in inflows, while Polygon (POL) and Chainlink (LINK) posted modest gains of $400,000 and $200,000.
Despite the mixed performance among altcoins, it’s evident that institutional and retail confidence is returning—at least for now.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
Beyond his professional pursuits, Prashant is an avid music enthusiast, often exploring diverse genres to unwind. A sports lover, he has a particular passion for cricket and frequently engages in discussions about the game. His multifaceted interests and sharp journalistic instincts make him a valuable contributor to CCN, where he continues shaping the crypto landscape's narrative.
