The cryptocurrency market witnessed a notable rebound last week, with digital asset investment products attracting a remarkable $3.4 billion in inflows, marking the third-highest weekly total recorded, according to data from CoinShares.
Leading the influx was Bitcoin, which garnered an impressive $3.18 billion, while Ethereum ended its streak of eight consecutive weeks of outflows, pulling in $183 million.
Source: CoinShares
However, not all altcoins shared in this surge. Solana experienced outflows amounting to $5.7 million, in stark contrast to significant gains seen by other altcoins like XRP and Sui.
The resurgence in digital asset investments coincided with a decline in the gold market, which saw significant price drops after reaching recent highs.
A surge in whale activity also highlighted the bullish market sentiment, with notable over-the-counter purchases, including a substantial $110 million acquisition of Bitcoin and Ethereum, further boosting optimism.
BREAKING
A WHALE BOUGHT $54M WORTH OF $ETH and $56.7M WORTH OF BITCOIN
VIA WINTERMUTE OTC – ARKHAM
EVERYONE IS BUYING AGGRESSIVELY pic.twitter.com/6B4pv2eJIs
— Ash Crypto (@Ashcryptoreal) April 28, 2025
Bitcoin Dominates as Safe-Haven Narrative Drives $3.18B Inflows
Bitcoin emerged as the primary catalyst behind the capital influx into the digital assets space.
With $3.18 billion flowing into Bitcoin products last week, it accounted for the largest share of the total $3.4 billion inflows.
This significant movement not only reversed the prior outflows recorded since early April but also boosted Bitcoin’s year-to-date inflows to a robust $3.7 billion.
Source: YahooFinance
The uptick in Bitcoin inflows can be largely attributed to various macroeconomic factors and specific market developments.
Heightened concerns regarding tariff impacts on corporate earnings, combined with the notable depreciation of the U.S. dollar, prompted investors to seek refuge in assets that are perceived to be more stable during market turmoil.
Often dubbed “digital gold,” Bitcoin naturally attracted those looking for a safe investment solution.
This renewed interest coincided with Bitcoin’s impressive price movement, as it reclaimed the $90,000 mark last week—the highest point since March—and continued its ascent toward $95,000.
Source: Finance Newso
Additionally, U.S. spot Bitcoin ETFs played a vital role in the resurgence, accounting for over $3 billion of the weekly net inflows.
Source: SosoValue
This figure represents the highest inflow into U.S. Bitcoin ETFs in five months and marks the second-highest inflow on record.
Blockchain equities, especially Bitcoin mining-related ETFs, also garnered attention, with an additional $17.4 million in net inflows.
Ethereum Reverses Outflows as XRP, Sui Gain; Solana Stumbles
While Bitcoin captured much of the spotlight, Ethereum also saw a significant turnaround last week.
After enduring eight weeks of consecutive outflows, Ethereum-based investment products witnessed an influx of $183 million, indicating a revival in investor confidence.
Key to this recovery were U.S. spot Ethereum ETFs, which contributed $157.1 million to the inflows, marking their first net positive weekly inflow since February.
Source: SosoValue
This positive trend was not limited to Bitcoin and Ethereum alone. XRP investment products attracted a noteworthy $31.6 million, reflecting growing institutional interest and optimism regarding regulatory clarity.
Sui (SUI) funds also saw a significant $20.7 million in inflows, showcasing the appetite for emerging blockchain projects.
Conversely, Solana was the only major digital asset to experience outflows last week, with $5.7 million exiting Solana-based investment vehicles.
Regionally, U.S. investors led the charge with $3.3 billion in inflows, with additional contributions from Germany and Switzerland amounting to $51.5 million and $41.4 million, respectively, along with modest gains from Australia, Sweden, and Hong Kong.
On the issuer front, BlackRock’s iShares ETFs dominated the inflow rankings, attracting an impressive $1.5 billion, followed by ARK and Fidelity with $621 million and $574 million, respectively.
@BlackRock’s IBIT leads $917M Bitcoin ETF inflow surge with a record $643M single-day haul, signaling strong institutional demand as Ethereum ETFs lag.#Bitcoin #BitcoinETFshttps://t.co/cW3CDz38Pa
— Finance Newso.com (@Finance Newso) April 24, 2025
Despite the overall strong performance, certain issuers—including Grayscale, ProShares, and CoinShares—continued to experience monthly outflows, indicating a potential shift toward more favorable or emerging investment products.
The recent investment activity in the cryptocurrency market provides a compelling indication of a sector regaining its upward momentum, fueled by renewed investor interest.
Should the current trends persist, even stronger inflows and higher valuations across various investment vehicles could lie ahead.
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