The crypto market saw a huge inflow of capital last week, with Bitcoin and Ethereum leading the way. Digital asset investment products reportedly attracted inflows of $3.4 billion, driven by the recent crypto market resurgence.
Most likely, the weakening US dollar and potential income losses due to tariffs have prompted investors to turn to digital assets seen as safe havens.
According to a weekly report by CoinShares, digital asset investment products recorded a record inflow of $3.4 billion in the past week. This surge marks the largest inflow since mid-December 2024 and is the third largest weekly inflow ever recorded.
Bitcoin investment products were the main contributor, attracting $3.18 billion in inflows last week. This is in line with the upward trend in Bitcoin prices after a period of decline following the tariff announcement by Donald Trump. After Trump hinted at a delay in tariffs, major cryptocurrencies including Bitcoin took an upward turn.
CoinShares data shows Bitcoin remains the biggest beneficiary with a weekly inflow of $3.18 billion. Ethereum also saw strong inflows of $183 million, after eight consecutive weeks of outflows.
XRP was the third-highest contributor with an inflow of $31.6 million, while Sui saw an increase of $1.6 million.
Bitcoin’s positive trend is also in line with stronger crypto market sentiment, driven by rumors of Trump easing tariffs. In addition, increased whale activity (large investors) has also increased confidence in the Bitcoin and Ethereum markets.
For example, a whale recently bought $110 million worth of Bitcoin and Ethereum through over-the-counter (OTC) transactions, a clear sign of a potential crypto market revival.
Bitcoin is currently trading at $94,469, up 0.46%. Over the past week and month, Bitcoin has surged by 8% and 13%, respectively. Trading activity also saw a significant increase, with volume jumping 15% to $20.8 billion in 24 hours.
