Digital asset investment products saw a sharp $1 billion weekly turnaround, ending a five-week outflow streak. The reversal was led by Bitcoin, which saw $881 million in net inflows, while Ethereum attracted $117 million. Data shows the change coincided with renewed buying among large holders despite escalating geopolitical tensions and recent price volatility.
Investment products tied to digital assets recorded a net inflow of $1 billion last week. This reversed a five-week run of $4 billion in outflows according to a weekly report from CoinShares. No single macro event was cited for the change, with previous price softness and renewed buying activity appearing to support the rebound.
Weekly fund flows were dominated by Bitcoin, which brought in $881 million. Ethereum attracted $117 million, its strongest weekly performance since mid-January, though both assets remain in net outflows for the year. Solana posted $53.8 million for the week, while Chainlink, XRP, and Sui saw smaller gains.
The United States led with $957 million in new investment. Canada, Germany, Switzerland, Hong Kong, and Brazil also recorded net inflows ranging from $3.2 million to $34.1 million.
Markets faced a geopolitical shock over the weekend as tensions involving Iran escalated. An initial U.S. strike pushed Bitcoin toward $63,000 and Ethereum below $2,000 before prices pulled back into established ranges. Approximately $300 million in long positions were liquidated when the news broke.
QCP Capital suggested the contained liquidation amount indicates positioning was already reduced beforehand. The firm noted this could mean investors are treating Bitcoin less as a weekend macro hedge and considering alternatives like tokenized gold.
Options markets showed a spike in very short-term volatility but otherwise reacted moderately. QCP Capital pointed to a similar event last June when Bitcoin dipped but later rallied. “Despite price action looking fairly constructive, we remain cautious as tensions and uncertainty continue to build,” the firm stated.
