Bitcoin Leads as Crypto Funds End 5-Week Outflow Streak With $644M Inflows
Global crypto funds are again seeing net positive inflows after a record drought, with Bitcoin leading the pack.On Monday, March 25, CoinShares Head of Research James Butterfill reported that last week, these funds broke their five-week outflow streakthe longest on record, which had led to an exodus of $6.4 billion. Specifically, inflows for last week totaled $644 million, signaling "renewed optimism."The result is even more impressive considering that these funds recorded net inflows every single day of the week, according to Butterfill. Before this, global crypto funds had seen net outflows for 17 consecutive days.Bitcoin Led the InfluxLooking at the fund flows by asset, as usual, Bitcoin funds led the pack with net inflows totaling $724 million, even as short Bitcoin funds saw a third consecutive week of outflows with $7.1 million.Meanwhile, the figures for altcoin investment funds were mixed. Funds based on Ethereum, Sui, Polkadot, Tron, and Algorand saw outflows of $86 million, $1.3 million, $1.3 million, $950,000, and $820,000, respectively. Conversely, funds based on Solana, Polygon, and Chainlink recorded inflows of $6.4 million, $400,000, and $200,000, respectively.
Text source: The Crypto Basic
