Crypto market sees a turning point? $441 million in inflows last week
TechFlow Selected TechFlow Selected
Crypto market sees a turning point? $441 million in inflows last week
Many might see the recent decline as a "buying opportunity" rather than a signal to retreat.
Navigating Web3 tides with focused insightsSource: bitcoinist
Compiled by: Blockchain Knight
Despite significant outflows from the crypto asset investment space in recent weeks, the situation has now reversed, with total inflows reaching $441 million last week alone.
According to James Butterfill, research director at CoinShares, the latest weekly inflow—despite recent market weakness—suggests that many investors may see the recent dip as a "buying opportunity" rather than a signal to retreat.
This week saw broad inflows into BTC-focused products, while other crypto assets like ETH and SOL also attracted strong interest. BTC remained dominant, accounting for $384 million of the total. However, this also indicates that BTC no longer holds an almost-exclusive dominance as it once did.
CoinShares' report highlighted Solana's particularly strong performance, attracting $16 million in inflows, bringing its year-to-date total to $57 million. From a flow perspective, it is currently the best-performing crypto asset.
Ethereum also saw positive adjustments, with $10 million in inflows, although it remains the only major crypto asset still experiencing net outflows year-to-date.
Meanwhile, major investment firms such as Ark Invest, Fidelity, and BlackRock have all observed similar inflow trends.
In the U.S., BTC received $384 million from local funds, showing particularly strong market momentum. However, not every region reflected this optimism.
According to Butterfill, German funds experienced $23 million in net outflows, likely influenced by the German government’s recent asset sales. The broader market remains relatively bearish, with several major crypto assets posting sharp declines last week.
BTC dropped to a low of $53,000 last Friday, the first time since February. Nonetheless, BTC, ETH, and SOL have all seen modest recoveries in the past 24 hours.
BTC rose slightly by 0.5%, reclaiming the $57,000 level, while ETH gained 2.2%, returning to the key $3,000 threshold. Similarly, SOL followed these leading crypto assets with a 2.4% increase.
VanEck, one of the world’s largest asset managers and a BTC ETF issuer, is planning to launch a Solana-based ETF.
VanEck recently filed an application with the U.S. Securities and Exchange Commission (SEC) for the first spot Solana ETF, marking a pivotal moment for crypto assets.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@bitcoinist
