Bitcoin funds see $264M outflows as altcoins (XRP, SOL, ETH) attract fresh inflows
CoinShares reported a sharp slowdown in crypto fund outflows last week: total digital asset fund outflows narrowed to $187 million from $1.695 billion the prior week. Bitcoin investment products recorded $264.4 million in net outflows for a third consecutive week, though at a much slower pace, as BTC rebounded from a roughly 16‑month low near $62,822 to about $70,500. By contrast, altcoin funds reversed three weeks of outflows and posted net inflows led by XRP ($63.1M), Solana ($8.2M) and Ethereum ($5.3M). Total assets under management across crypto funds fell to $129.8 billion — the lowest since March 2025 — while ETP trading volumes hit a record $63.1 billion for the week. Analysts are divided: CoinShares suggests decelerating outflows may signal an inflection but not a confirmed turnaround; 10x Research flags structural weakness across many altcoins and remains bearish on altcoin strength; Bloomberg Intelligence reiterates deeper bear-case risk; long-term bulls still maintain aggressive targets. Market indicators cited include eased whale selling, an oversold RSI (~16) during the sell-off, and thinner liquidity driven by derivatives. For traders: the mixed signals—slowing BTC outflows and renewed altcoin demand—could indicate a short-term floor or buying opportunity, but low AUM, structural weaknesses in altcoins and cautious research counsel prudence before assuming a durable bullish reversal.
Neutral
The net flows and market signals point to a neutral near-term impact on BTC price. Evidence for bullish pressure includes a marked slowdown in outflows, a price rebound from the recent low, eased whale selling and record ETP volumes — all of which can support short-term stabilization or relief rallies. However, persistent BTC outflows (third consecutive week), a fall in total AUM to multi-month lows, warnings from 10x Research about structural weaknesses in altcoins, and broader bear-case analysis from Bloomberg Intelligence suggest underlying risk remains. For traders, this implies a higher probability of short-term bounces or chop rather than a sustained uptrend: momentum trades or tactical long entries may be justified on clear signals (volume-backed breakouts, improving liquidity), but position sizing and stops should account for the potential of renewed downside. Long-term bullish targets remain possible but are not confirmed by current flow and liquidity dynamics.