Bitcoin, Ethereum Funds Pulled in $1.2 Billion Amid Rising Global Tension Last Week

CN
Decrypt
Follow
2 hours ago

Institutional investors continued pouring capital into digital assets despite recent geopolitical jitters, marking the tenth consecutive week of inflows and pushing year-to-date totals to an unprecedented $15.1 billion, CoinShares reported Monday.


The surge in activity earlier in the week "tapered off in the latter half," CoinShares noted, citing the Juneteenth holiday in the U.S., when markets were closed, and emerging reports of the country's "involvement in the Iran conflict" as likely factors.


“We may see some minor panic outflows,” James Butterfill, CoinShares head of research, told Decrypt in an email Monday, “but I expect any price weakness will lead to further adding to positions.”


Bitcoin led the inflows, attracting $1.1 billion, despite recent price corrections, accounting for approximately 88.7% of total inflows. Notably, short-Bitcoin investment products experienced only minor outflows of $1.4 million, indicating limited bearish sentiment, CoinShare's study indicates.


The ongoing inflows reflect an increased institutional confidence in crypto markets, contrasting previous cycles when geopolitical events typically prompted substantial outflows.


Late into Sunday evening, Bitcoin rebounded as details of the U.S. airstrike on Iran came, with President Trump claiming the operation "obliterated" key sites that have pushed the conflict over tensions over nuclear armament.


China, meanwhile, had condemned U.S. attacks on the facilities, claiming the move "exacerbates tensions" already brewing in the region, according to a report from South China Morning Post.


Meanwhile, Ethereum, gained momentum with its ninth consecutive week of inflows, capturing $124 million and bringing its cumulative inflows for this period to $2.2 billion. This streak represents Ethereum's longest run of positive inflows since mid-2021.





Still, regional inflow distribution illustrated stark disparities.


U.S. markets continue to dominate global inflows at $1.25 billion. Canada and Germany contributed modestly, at $20.9 million and $10.9 million, respectively, while Hong Kong and Switzerland saw "notable outflows" of $32.6 million and $7.7 million, per CoinShares.


Interest in altcoins across the broader crypto sector remained steady, with Solana and XRP drawing inflows of $2.78 million and $2.69 million, respectively, indicating sustained investor preference for portfolio diversification alongside dominant assets like Bitcoin and Ethereum.


This ten-week inflow streak underscores a notable shift in institutional perspectives, recognizing digital assets as essential, long-term portfolio components rather than merely speculative investments.


Edited by Stacy Elliott.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
Bitget: 注册返10%, 赢6200USDT大礼包
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink