Strategy Adds $2.5 Billion in Bitcoin as STRC Dividend Traders Drive Largest Buy Since 2024
Strategy's $2.54 Billion Bitcoin Purchase Marks Largest Since 2024
Decrypt1 min read
Crypto fund inflows hit $1.4B in second-strongest week since January
TL;DR
Cryptocurrency investment products saw $1.4 billion in inflows last week, marking the second-largest weekly inflow since January. This surge follows a three-week streak totaling $2.7 billion, driven by optimism around US-Iran ceasefire talks and a Bitcoin price breakout.
Key points
- Crypto investment products logged $1.4 billion in inflows last week
- This marks the second-largest weekly inflow since January
- Total year-to-date inflows for crypto ETPs are around $3.8 billion
- Bitcoin price nearly touched $78,000 last Friday
- Inflow driven by optimism over US-Iran ceasefire talks
Cryptocurrency investment products logged another week of strong inflows on ceasefire optimism and a Bitcoin price breakout driving investor sentiment.
Crypto exchange-traded products (ETPs) posted $1.4 billion in inflows last week, beating the prior week’s $1.1 billion and marking the second-largest weekly inflows since January, CoinShares reported on Monday.
Following the three-week inflow streak totaling $2.7 billion, crypto ETPs now have net year-to-date inflows of around $3.8 billion, with assets under management (AUM) at $154.8 billion — the highest level since early February after dipping to as low as $128 billion in March.
The uptick in crypto funds has likely been driven by a recovery in risk appetite on US-Iran ceasefire extension talks, CoinShares head of research James Butterfill said.
The sentiment was further reinforced by Bitcoin (BTC) nearly touching $78,000 on Friday, according to CoinGecko.
Ether funds turn positive year to date
Bitcoin led last week’s ETP gains by a significant margin, with inflows totaling $1.12 billion. The gains brought year-to-date inflows to $3 billion, with AUM at $123 billion.
The majority of gains were contributed by US spot Bitcoin exchange-traded funds (ETFs), which posted $1 billion in inflows last week.
Ether (ETH) investment products also picked up with $328 million inflows in its strongest week since January, finally lifting the ETPs into green year-to-date with $197 million inflows.
Q&A
What caused the recent $1.4 billion inflow in cryptocurrency investment products?
The inflow was driven by optimism surrounding US-Iran ceasefire talks and a significant Bitcoin price breakout.
How do the latest inflows compare to previous weeks in the cryptocurrency market?
Last week's inflows of $1.4 billion surpassed the prior week's $1.1 billion, marking the second-largest weekly inflow since January.
What is the total year-to-date inflow for crypto ETPs as of now?
Crypto ETPs have net year-to-date inflows of approximately $3.8 billion.
