Institutional Investors Flip 5-Week Outflows, Is A Major Bitcoin Uptick on The Horizon? ⋆ ZyCrypto

The crypto market recorded slight gains after weeks of sideways readings. Institutional numbers headlined the rebound in Bitcoin (BTC) and many altcoins despite creeping sentiments. Overall, a massive $644 million net inflow flipped consecutive five-week exits. The total market cap rose 1% to $2.8 trillion, with trading volumes marking sharp double-digit gains.

Bitcoin Bulls Scoop $724 Million In Assets

CoinShares Digital Asset Weekly Flow shows institutional investors poured $724 million in Bitcoin funds. This comes after five straight weeks of outflows due to wider bearish sentiments. As a result, total monthly numbers remain over $1 billion in the red zone, while year-to-date net inflows stand at $1.3 billion. 

Bitcoin remains the center for most wealth managers after reclaiming its $87k price setting the pace for new inflows. Previous outflows had topped $5.4 billion amid a heated macro market. The White House tariff policies as well as global trade issues weakened trader sentiments. This also led to slow growth in spot Bitcoin ETFs, a major driver for the leading digital asset. 

“Notably, every day last week recorded inflows, following a 17-day consecutive run of outflows signaling a decisive shift in sentiment toward the asset class. The majority of flows originated from the US, which saw US$632m in inflows. However, the positive sentiment was broad-based, with Switzerland, Germany, and Hong Kong also recording inflows of US$15.9m, US$13.9m, and US$1.2m, respectively.”

While total net inflows hit $644 million, assets under management (AUM) spiked 6% from its March 10 yearly low. For most analysts, this upward trend can fuel a major leap in terms of institutional capital in the market. Last year, institutional demand in crypto-dominated financial markets as traditional players grew more confident. 

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Altcoin Holders Show Mixed Sentiments

On the altcoin front, several assets posted gains after weeks in the doldrums while others continued in the red wave. XRP led gains with $6.7 million, with bulls showing slight signs of hope despite heavy losses. This month, the asset marked $548 million worth of outflows and $344 million net outflows since the start of the year. 

Solana and Cardano followed with $6.4 and $0.1 million inflows, respectively. Meanwhile, the leading altcoin, Ethereum, recorded $86 million outflows, stretching monthly exits over $350 million. This year, ETH’s price has taken a major hit amid the impact of macro markets.