Despite the recent market turbulence, investors appear to be buying the dip as crypto investment products continue to record steady inflows.
Per CoinShares’ most recent digital asset funds report, crypto investment products recorded $1.9 billion in inflows over the past week, marking their ninth consecutive week of gains.
Bitcoin (BTC) dominated with $1.3 billion in inflows, staging a comeback following two weeks of underperformance and despite the sharp dip it suffered in the wake of the Iran-Israel geopolitical tensions. Ethereum (ETH) followed suit, albeit with a more modest $583 million, which marked its largest record since February.
Altcoins also saw renewed interest. XRP (XRP) registered $11.8 million in fresh inflows after several weeks of declines, likely driven by the recent streak of wins across the ecosystem. Similarly, Sui (SUI) pulled in approximately $3.5 million in a positive display, followed by Solana (SOL) with $1.3 million.
Regionally, the United States dominated the inflows, accounting for majority of the $1.9 billion total. Smaller but still notable inflows were also seen in Switzerland, Germany, and Canada. In contrast, Brazil and Hong Kong recorded minor outflows, signaling more cautious sentiment in those markets.
Meanwhile, derivatives data shows that traders are growing increasingly bullish on near-term price action. According to Glassnode’s analytics, Bitcoin’s 25 Delta Skew, a key measure of sentiment in the options market, has flipped positive.
https://twitter.com/glassnode/status/1934525675509297594?s=46
Short-dated options recorded the biggest swing, with the 1-week skew jumping from -2.6% to +10.1%, and the 1-month skew rising from -2.2% to +4.9%. The data suggests traders are positioning for an upside in the near term, anticipating that Bitcoin’s price could continue climbing.
If this momentum holds, the crypto king could soon climb back to its $110,000 level. The market’s optimism aligns with the broader positive outlook for Bitcoin, fueled by growing adoption and its recent strong performance.
BTC trades slightly over $106,800 at press time, a 1.6% increase in the last 24 hours as it continues to rebound from its recent pullback.
