After five consecutive weeks of outflows totalling $5.4 billion, crypto investment products have bounced back, signalling renewed investor confidence. Last week saw $644 million in net inflows, with Bitcoin (BTC) leading the market recovery.
Bitcoin Dominates the Comeback
According to CoinShares, BTC attracted $724 million in inflows, reversing weeks of negative sentiment. This shift marked the end of a 17-day outflow streak, helped by optimism around the Federal Reserve’s monetary policy outlook.
Bitcoin-focused exchange-traded funds (ETFs) played a major role in the recovery, underlining growing institutional interest.
US Investors Drive the Rally
The United States was the main driver of this renewed momentum, accounting for $632 million of the total inflows. Other regions trailed behind, with Switzerland adding $15.9 million, Germany $13.9 million, and Hong Kong $1.2 million.
This strong US inflow suggests a shift in sentiment among institutional investors, likely influenced by macroeconomic expectations.
Altcoins Still Under Pressure
Despite Bitcoin’s impressive rebound, altcoins continued to struggle. Ethereum (ETH) led the losses with $86 million in outflows, maintaining its position as the most impacted major crypto asset in recent months.
Other altcoins like Sui (SUI) and Polkadot (DOT) also saw $1.3 million in outflows each. Meanwhile, Tron (TRX) and Algorand (ALGO) lost $950,000 and $820,000, respectively.
Bright Spots in the Altcoin Space
Some altcoins did manage to attract fresh capital. Solana (SOL) led the altcoin inflows with $6.4 million, suggesting strong investor confidence in its growing ecosystem. Polygon (POL) and Chainlink (LINK) posted modest gains of $400,000 and $200,000, respectively.
Overall, while Bitcoin has clearly regained its footing, altcoins remain under pressure, and sentiment outside of BTC still appears cautious.
