Crypto Fund Inflows Stretch to Five Weeks as Bitcoin Climbs

TLDR

• Crypto fund inflows reached a fifth consecutive week with $117.8 million added to digital asset investment products.
• Bitcoin extended its rally beyond four weeks and climbed above $81,000 earlier in the session.
• Bitcoin posted its highest daily close since January, reinforcing its dominance in the current rebound.
• CoinShares reported that Bitcoin products attracted the majority of institutional allocations during the recent inflow streak.
• Ethereum traded near $2,385 while the ETH to BTC ratio declined about 7% since early April.

Bitcoin extended its four-week rally as digital asset investment products posted a fifth consecutive week of inflows. CoinShares reported $117.8 million in weekly additions, while Bitcoin reached its highest daily close since January. The data shows continued institutional participation, even as flows slowed late in the week.

Crypto Fund Inflows Reach a 5-Week Run Led by Bitcoin

CoinShares reported $117.8 million in inflows across digital asset investment products last week. The figure marked the fifth straight week of positive flows into crypto funds.

However, the weekly total followed stronger inflows recorded in late April. Digital asset products attracted $1.2 billion during that earlier four-week stretch.

Bitcoin products captured $933 million of that April total, according to CoinShares. The firm stated that Bitcoin remained the primary driver of fund allocations.

Bitcoin climbed steadily from early April and crossed $81,000 earlier today. The asset also posted its highest daily close since January on Monday.

The report stated that “Bitcoin continues to absorb the majority of institutional demand.” As a result, BTC maintained dominance during the current rebound.

Although weekly inflows slowed, Bitcoin retained upward price momentum. The rally has now lasted more than four weeks.

Ethereum Sees Outflows as Bitcoin Sets Market Tone

Ethereum participated in the broader recovery but lagged behind Bitcoin’s performance. ETH traded near $2,385 at press time.

The ETH/BTC ratio has declined roughly 7% since early April. That move showed capital favored Bitcoin over Ethereum during the recent advance.

CoinShares’ prior weekly report showed $192 million in inflows into Ethereum products. That marked a third consecutive week with flows above $190 million.

However, that streak ended last week as Ethereum products recorded $81.6 million in outflows. The shift reflected narrowing participation across digital asset products.

Altcoin-focused funds also experienced reduced activity during the week. Bitcoin continued to set the pace for overall market direction.

CoinShares reported that institutional demand concentrated heavily on Bitcoin products. The data showed limited rotation into Ethereum and other altcoins.

Bitcoin’s price strength reinforced its market dominance. The asset’s recent close marked its strongest daily finish since January.

Ethereum’s price remained below its recent highs despite the broader rebound. At press time, ETH traded around $2,385.

The latest CoinShares report confirmed that digital asset investment products maintained positive net flows for five weeks. Bitcoin led those inflows and defined the structure of the current recovery.

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