CoinShares Report: Bitcoin Inflows Reach $942 Million, Investor Confidence Grows

Investors don’t appear to be betting on Bitcoin’s price falling, as evidenced by the inflow of funds shorting Bitcoin at just $600,000.

Digital asset investment products surged for the second consecutive week, totaling $932 million. Despite the increase in inflows, trading volume for the week was just $10.5 billion, well below the $40 billion recorded in March.

It is worth noting that the large inflow of funds was mainly driven by the unexpected CPI report released on Wednesday. According to the latest edition of CoinShares’ Digital Asset Fund Flow Weekly Report, the last three trading days of this week accounted for 89% of the total flow, basically depicting that Bitcoin prices have re-linked to interest rate expectations.

No funds inflow short Bitcoin

Bitcoin investors have been found not to be actively betting on its price falling, indicating bullish expectations among market participants, as investment products shorting Bitcoin saw only $600,000 in inflows. On the other hand, Bitcoin’s weekly inflows reached $942 million, according to a CoinShares report.

Various altcoins also received inflows, with Solana, Chainlink, and Cardano seeing significant inflows of $4.9 million, $3.7 million, and $1.9 million respectively. During the same period, investment products dedicated to investing in Litecoin also saw modest inflows of $500,000.

Bucking current market trends, Ethereum is facing negative sentiment, largely due to concerns over the U.S. Securities and Exchange Commission (SEC) approving a spot ETF, which triggered $23 million in outflows over the past week.

Blockchain-related stocks have also not been spared and continue to suffer from capital losses. Since 2024, only 6 of the 20 weeks have shown net capital inflows. Cumulatively, there has been a net outflow of US$512 million so far this year.

The United States dominates digital asset inflows

The United States led the way with inflows of $1.002 billion last week. This number was actually driven by Grayscale, which faced $16.6 billion in outflows since the ETF launched in January but saw its first positive inflow of $18 million.

Last week, the United States topped the list with a whopping $1.002 billion in capital inflows. This significant growth was mainly due to the positive performance of Grayscale, which experienced its first net inflow of $18 million last week, despite cumulative net outflows of $16.6 billion since the ETF was launched in January.

Meanwhile, Switzerland recorded $27 million in inflows, while Germany saw $4.2 million. By comparison, Hong Kong and Canada saw outflows of $83 million and $17 million respectively. Sweden also observed a net outflow of $5.9 million during the week.

Conclusion:

In the current digital currency market, despite the turbulence, investor confidence in Bitcoin and other crypto assets is growing. According to a CoinShares report, positive capital inflows in regions such as the United States show investors’ optimism about the future of digital currencies, despite continued market concerns about Ethereum and capital outflows in some countries.

At the same time, regulators' attitudes and changes in regulations continue to be an important focus for the market. In this case, investors and practitioners need to pay close attention to market dynamics, rationally assess risks, and formulate corresponding investment strategies to cope with changing market conditions and potential fluctuations.

The above is the detailed content of CoinShares Report: Bitcoin Inflows Reach $942 Million, Investor Confidence Grows. For more information, please follow other related articles on the PHP Chinese website!