Today news
2025-03-24 15:34:00
Digital asset investment products have ended a five-week streak of outflows after netting more than $644 million in inflows this past week.
CoinShares, Europe’s leading digital assets investment firm, says Bitcoin (BTC) led this flip as the crypto market witnessed renewed optimism.
According to a weekly report CoinShares published on March 24, the crypto exchange-traded funds market notched over $644 million in weekly inflows, ending a five-week run of outflows. This report aligns with the outlook across the spot exchange-traded funds market in the United States, which has seen a fresh dose of demand from investors as Bitcoin edges higher.
SoSoValue data shows the U.S. spot ETFs market saw Bitcoin spot ETFs record six straight trading days of inflows between March 14 and March 21, 2025. On Friday last week, only Grayscale’s GBTC saw outflows, while BlackRock registered nearly $105 million in net inflows.
Commenting on the shift in sentiment, James Butterfill, head of research at CoinShares, said:
“Total assets under management have risen by 6.3% from their low point on March 10th. Notably, every day last week recorded inflows, following a 17-day consecutive run of outflows—signalling a decisive shift in sentiment toward the asset class.”
CoinShares report, which covers the global performance of ETPs issued by leading providers, notes digital asset investment products bled over $6.4 billion in five weeks. It included 17 straight days of outflows from investment products tied to Bitcoin, Ethereum (ETH), XRP (XRP) and Solana (SOL) among other cryptocurrencies.
However, as Bitcoin reclaimed upward momentum to climb from under $80,000 last week, the sector bounced back. Overall, sentiment saw institutional investors pour more than $724 million into Bitcoin-related products. The five weeks of consecutive outflows had seen investors pull more than $5.4 billion from Bitcoin-tied investment products.
XRP and Solana investment products saw modest inflows of $6.7 million and $6.4 million respectively.
Meanwhile, Ethereum, which has struggled with downside pressure near $2k, recorded outflows of $86 million. Short Bitcoin investment products also saw $7.1 million in outflows, with a third-consecutive week of such movement suggesting a bullish flip.
