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Cryptocurrency News Articles
Crypto funds saw strong investor interest for the second consecutive week. Bitcoin [BTC] products led the demand
May 06, 2025 at 03:00 pm
Crypto funds saw strong investor interest for the second consecutive week as products logged $2 billion in inflows last week, according to CoinShares' weekly flows report.
This continues the theme of strong outsized demand for crypto products as they clocked $3.4 billion in the prior week.
During the week, President Donald Trump hinted at the potential for a U.S-China deal on tariffs. This macro shift triggered renewed risk-on sentiment, boosting the overall crypto segment.
Bitcoin, ETH, XRP top demand
Bitcoin products, as always, saw the largest demand at $1.84 billion. Ethereum products followed closely with $149 million inflows.
As far as asset performance is concerned, Bitcoin products, as always, saw the largest demand at $1.84 billion. Ethereum products followed closely with $149 million inflows.
While interest in XRP remained strong at $10.5 million, Solana recovered sharply with $6 million inflows over the same period.
Over the same period, Solana's 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.
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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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