Crypto asset investment funds saw massive inflows of $921 million last week. This positive flow was driven by renewed optimism about potential rate cuts from the U.S. Federal Reserve (Fed). The report comes from the analysis firm CoinShares, which highlighted strong investor appetite.
The latest data shows renewed confidence in digital assets. Trading volumes in exchange-traded products (ETPs) remained robust. They reached $39 billion for the week. This figure exceeds the year-to-date weekly average of $28 billion. Optimism was fueled by lower-than-expected inflation (CPI) data in the United States.
Bitcoin was the clear investor favorite. The main crypto asset attracted $931 million in inflows. However, Ethereum experienced its first week of net outflows in five weeks. It registered a pullback of $169 million, suggesting a capital rotation toward Bitcoin. Activity in altcoins like Solana and XRP slowed noticeably. Their inflows were $29.4 million and $84.3 million, respectively. Investors seem to be waiting for new ETFs in the U.S.
James Butterfill, Head of Research at CoinShares, offered a key analysis. He noted that investors are shifting their long-term focus. Diversification is now the main reason to invest, surpassing speculation. Butterfill highlighted that UTXO data shows 75% of Bitcoin investors hold their positions for over 150 days. This contrasts with the 50% recorded in 2018.
Is the crypto market maturing its relationship with the global economy?
Investor sensitivity to macroeconomic data, such as CPI, is growing. This indicates that Bitcoin is increasingly perceived as a monetary asset or a store of value. Butterfill explained that monetary policies influence market correlations. A “dovish” (flexible) policy from the Fed, like the one anticipated, tends to reduce Bitcoin’s correlation with traditional stocks.
Regionalmente, Estados Unidos lideró las entradas con $843 millones. Alemania también mostró una fuerza notable con $502 millones. En contraste, Suiza registró salidas de $359 millones. CoinShares atribuye esto a transferencias entre proveedores, no a ventas activas. La economÃa global sigue influyendo en los flujos de capital cripto. Los analistas observan si el patrón de “comprar el rumor, vender la noticia”, visto en los ETFs de BTC y ETH, se repetirá con los fondos de Solana y XRP.
