CoinShares data shows cautious optimism returning as capital flows rise, even as Bitcoin lags and volatility lingers across crypto markets.
Digital asset investment products recorded total inflows of $864 million last week, in the third consecutive week of modest gains.
CoinShares said that this trend indicates a cautiously optimistic investor sentiment despite mixed market reactions following the recent US Federal Reserve interest rate cut.
Cautious Optimism Builds
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin led inflows with $522 million, while short Bitcoin products saw outflows of $1.8 million, amid improving confidence in the leading cryptocurrency. However, Bitcoin remains a “relative laggard” this year, with year-to-date inflows of $27.7 billion, down from $41 billion in 2024.
Ethereum also attracted strong interest after raising $338 million in capital, pushing YTD inflows to $13.3 billion, a 148% increase from last year. Solana continued to see smaller increases, with the latest totaling $65 million over the past week. Its year-to-date inflows stand at $3.5 billion, a tenfold increase compared to 2024. XRP followed suit with almost $47 million.
Other significant movements included Aave and Chainlink, with inflows of $5.9 million and $4.1 million, respectively. Litecoin also welcomed a modest $0.3 million during the same period.
Meanwhile, Hyperliquid and Sui experienced outflows of $14.1 million and $0.3 million, respectively. Multi-asset products also registered a whopping $104.8 million in outflows.
Regional data showed the strongest investor appetite in the United States, which recorded $796 million in inflows last week. Germany also registered about $68.6 million, while Canada attracted $26.8 million. Together, these three markets continue to dominate global activity and account for 98.6% of total year-to-date inflows.
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Bitcoin Faces Grim Outlook
Further adding to the market’s cautious tone, a separate analysis warned that Bitcoin could face a deeper correction in the months ahead. Pseudonymous market analyst Mr. Wall Street said that weakening macroeconomic conditions, delayed Federal Reserve easing, and deteriorating technical signals point to a brutal rest. Bitcoin has already slipped to around $90,000 from its October peak near $126,000, and the analyst expects a brief rebound toward $100,000 before further downside.
He pointed to a breakdown in several technical indicators, including a weekly close below the 50-week exponential moving average and bearish momentum signals, as signs of a broader bear phase. Unless significant liquidity support is introduced, he said Bitcoin could fall toward $68,000-$74,000 initially, and a deeper move toward the $54,000-$60,000 range could transpire by late 2026.
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