Institutional investors are piling back into the crypto market, signaling a major shift in sentiment.
Billions Flowing In
CoinShares reports a massive $2 billion flowed into crypto investment products last week alone. This follows two previous weeks of inflows, bringing the three-week total to a staggering $5.5 billion. This is a dramatic turnaround after nine straight weeks of investors pulling their money out. Overall, $5.6 billion has flowed into crypto this year, and assets under management have climbed to $156 billion—the highest since mid-February.
Where the Money Went
The United States led the charge, accounting for a whopping $1.9 billion of the inflow. Canada, Switzerland, and Germany also saw smaller inflows.
Bitcoin (BTC) was the star performer, attracting $1.8 billion. Ethereum (ETH) also saw significant inflows totaling $149 million for the week, adding to the previous week’s inflow for a two-week total of $336 million. Other cryptocurrencies like Solana, XRP, Cardano (ADA), and Sui also saw inflows, though on a smaller scale. Multi-asset funds also saw some investment.
A Sentiment Shift?
This massive influx of capital suggests a significant change in how institutional investors view the crypto market. After a period of uncertainty, it seems confidence is returning. However, it’s important to remember that crypto investments are inherently risky. Always do your research before investing.