Crypto Inflows Don Hit $3.7B Record as Bitcoin ETPs Dem Soar
Crypto inflow don blow reach record $3.7 billion last week, na dey second biggest weekly total wey don record. Year-to-date inflow don reach $22.7 billion, wey push total assets under management (AuM) reach $211 billion.
Bitcoin ETPs lead the rally with $2.7 billion net inflows, wey make Bitcoin’s AuM rise to $179.5 billion—54% of gold ETP holding dem. Ethereum get $990 million crypto inflow for e 12th week wey e dey gain. Solana collect $92.6 million, Sui get $3.5 million, while Cardano and multi-asset products add $0.5 million and $1.1 million respectively. XRP and Chainlink experience outflows of $104 million and $0.5 million.
U.S. investors cover all the $3.7 billion, with small inflow from Switzerland, Canada and Australia. Germany lead outflows at $85.7 million. Market people talk say institutional interest still dey strong. Spot Bitcoin ETFs don gather over $2 billion. Perpetual funding rates dey climb near 30%, and open interest don pass $43 billion. Even though implied volatility low, experts still dey structurally bullish. Dem recommend make people dey buy whenever price drop, no be to chase the rally.
Bullish
$3.7B crypto inflows weh dey caused by strong Bitcoin ETP demand show say beta institutional participation dey. For short term, di increase go help support Bitcoin price momentum and e go stabilize ETP markets. Ethereum and di main altcoins dey benefit from diversified inflows too. For long run, sustained inflows plus rising AuM mean say price appreciation get solid foundation. Low implied volatility show say growth dey steady, while high open interest and funding rates dey strong di positive view. Overall, di data talk say crypto market get bullish bias.