Bitcoin is leading the latest rebound in digital assets, with CoinShares data showing continued inflows into crypto investment products as BTC extended a rally that has now lasted more than four weeks.
Digital asset investment products recorded $117.8 million in inflows last week, according to CoinShares’ latest weekly report, marking the fifth consecutive week of inflows.
The modest total masked a late week sentiment reversal, following a stronger run in late April when digital asset products saw $1.2 billion in inflows for a fourth consecutive week, led by $933 million into Bitcoin products.
Bitcoin has climbed steadily since early April and topped $81,000 earlier today. The rally also gave Bitcoin its highest daily close since January on Monday, reinforcing BTC’s dominance through the current market rebound.
Ethereum has participated in the rebound, but it has not matched Bitcoin’s strength. ETH traded near $2,385 at press time, while the ETH/BTC ratio has fallen roughly 7% since early April, showing that capital has continued to favor Bitcoin over Ethereum and most altcoins during the latest leg higher.
CoinShares’ previous weekly report showed Ethereum products attracted $192 million in inflows, marking a third consecutive week above $190 million. That streak ended last week, with Ethereum products posting $81.6 million in outflows as participation narrowed across digital asset products, especially across altcoins.
Bitcoin continues to define the broader market structure. BTC is absorbing most of the institutional demand and setting the tone for the recovery, while Ethereum and most altcoins are still waiting for a broader rotation.
Disclosure: This article does not represent investment advice. The content and materials featured on this…
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