- Crypto investment funds saw $226 million in inflows last week, driven mainly by U.S. interest in Bitcoin.
- Altcoins broke a four-week outflow streak, attracting $33 million, led by Ethereum, Solana, XRP, and Sui funds.
After a string of difficult weeks, crypto investment funds are finally seeing green again. Last week, global inflows into digital asset products surged to $226 million, a much-needed boost that marks the second week in a row of positive movement, according to CoinShares. This rebound follows what had been the largest outflows ever recorded.
Bitcoin remains the primary magnet for investor cash. Funds focused on the world’s biggest cryptocurrency raked in $195 million in net inflows. It wasn’t just one country piling in either. U.S.-based investors contributed the lion’s share with $204 million, while funds in Switzerland and Germany chipped in $14.7 million and $9.2 million, respectively.
Even with the rally in investment, prices didn’t tell the same story. Bitcoin’s price slumped about 5.30% for the week, while the GMCI 30 index, which tracks leading cryptocurrencies, sank 10.6%. CoinShares’ James Butterfill noted that these losses drove assets under management for global Bitcoin funds down to $114 billion — a level not seen since November’s U.S. presidential election.
Altcoin Inflows Hit $33M After Weeks of Outflows
But the real plot twist came from altcoins. For the first time in over a month, altcoin investment products saw net inflows — $33 million in total. That shift ends a brutal stretch of four straight weeks where investors yanked $1.7 billion from these funds. Leading the turnaround were Ethereum, Solana, XRP, and Sui-based funds, which pulled in $14.5 million, $7.8 million, $4.8 million, and $4 million respectively.
While Friday broke the streak with minor outflows of $74 million, it wasn’t enough to undo the positive momentum. Butterfill explained the dip likely came from concerns after U.S. core personal consumption data landed higher than expected. That raised fears the Federal Reserve may stick to a hawkish path despite signs of slowing economic growth.
There was more pressure from the political front, too. Markets were rattled by President Trump’s announcement of new tariff plans — particularly a 25% levy on imports from Mexico and Canada, set to kick in on April 2.
“President Trump’s proposed tariff hikes including a 25% levy on Mexican and Canadian goods effective April 2 — have resumed trade war anxieties,” said Bitget’s Ryan Lee.
Traditional Market Ties Keep Crypto on Edge
Lee pointed out that crypto’s ties to traditional equities haven’t helped either. Bitcoin’s correlation coefficient with the Nasdaq sits at 0.67 — suggesting that if stocks fall, crypto will likely follow.
The timing proves particularly delicate as digital assets maintain elevated correlation with traditional markets,
Short-Bitcoin products, which let investors bet against the coin, continued to see outflows as well — another sign that the mood is shifting, even if cautiously. For four weeks straight, investors have been pulling back from those positions, with $2.5 million exiting last week alone.
Spot Bitcoin ETFs in the U.S. deserve credit for keeping the inflow numbers strong. According to The Block’s data, these funds brought in $196.4 million last week and recorded daily gains throughout — except for the slip on Friday.
