Record $3.2 billion inflows into Bitcoin funds signal new safe-haven status
The post Record $3.2 billion inflows into Bitcoin funds signal new safe-haven status appeared on BitcoinEthereumNews.com.
Crypto-related investment products recorded $3.4 billion in inflows last week, marking the most significant weekly inflow since mid-December 2024 and the third-highest on record, according to CoinShares‘ latest report. James Butterfill, Head of Research at CoinShares, linked the surge to growing concerns about the weakening US dollar and fears over tariff-related impacts on corporate earnings. He noted that this inflow shows investors increasingly turn to digital assets as safe-haven options amid global economic uncertainty. US Bitcoin products pull over $3 billion in inflow According to CoinShares, Bitcoin investment products accounted for nearly 94% of last week’s total inflows. This is evidenced by the fact that US-based spot Bitcoin exchange-traded fund (ETF) products registered their strongest week since Donald Trump returned to the White House in January. Collectively, Bitcoin ETFs attracted over $3 billion in inflows, with BlackRock’s IBIT leading the way by securing more than half of the new funds. Crypto Investment Products Flows (Source: CoinShares) Meanwhile, the wave of new investments pushed the total assets under management for Bitcoin-relayed products to $132 billion, a milestone not seen since February 2025. Market analysts suggest that the inflow reflects Bitcoin’s growing independence from traditional risk assets like US equities, and gold has strengthened its appeal as a safe-haven asset. Reflecting this momentum, Bitcoin’s price surged by over 8% last week to reach $94,682 at press time, according to data from CryptoSlate. Ethereum reverses negative trend Ethereum also reversed its recent trend of outflows, attracting $183 million in new investments. This marks the end of an eight-week streak of negative sentiment that significantly impacted the second-largest crypto asset by market cap. Despite this new capital inflow, Ethereum’s price remains below the critical $2,000 threshold. ETH is trading at around $1,806 as of press time, up 10% over the past week. Crypto Investment Flows…
Filed under: News - @ April 28, 2025 1:23 pm