- Crypto funds saw an extra $2 billion last week, bringing inflows to $5.4 billion over the past two weeks
- Will the trend persist this week ahead of the Fed rate decision?
Crypto funds saw strong investor interest for the second consecutive week. Last week, the products logged $2 billion in inflows, according to CoinShares’ weekly flows report.
Source: CoinShares
During the prior week, crypto ETFs saw a whopping $3.4 billion demand. This coincided with President Donald Trump hinting at the potential for a U.S-China deal on tariffs.
Needless to say, the macro shift triggered renewed risk-on sentiment, boosting the overall crypto segment.
Bitcoin, ETH, XRP top demand
As far as asset performance is concerned, Bitcoin [BTC] products, as always, saw the largest demand at $1.84 billion. Ethereum [ETH] followed closely with $149 million inflows.
Source: CoinShares
Away from the top crypto assets, XRP maintained its altcoin lead this week again. It attracted $10.5 million last week, compared to $31.6 million in the week prior.
Over the same period, Solana’s [SOL] interest only hit $6 million, but it was much better compared to Sui’s $0.3 million. In fact, SOL improved from $5.7 million in outflows seen the week prior.
Could it be rotation from Sui? Well, the altcoin’s inflows shrank by nearly 20x from $20 million to less than $0.5 million over the same period.
Overall, XRP investors remained steady while SOL saw the largest rebound in demand.
For Bitcoin, the sustained inflows pushed its price higher to nearly $98k. However, the world’s largest digital asset soon lost 4% of its recent recovery gains.
It slipped to $94k at the time of writing, ahead of the Fed rate decision on Wednesday. BTC and overall crypto demand this week will depend on how the market reacts to the Fed announcement.
Source: BTC/USDT, TradingView
On the price chart, Bitcoin seemed to be heading towards the $92k range low and support. Provided the price action stays above the previous range-low and key moving averages, bulls may still have a shot at $100k.
On the contrary, a sustained dip below $92k and the moving averages would derail the $100k outlook.
