Last week, crypto investment products recorded an inflow of $1.06 billion, despite ongoing geopolitical pressures related to tensions in the Middle East affecting broader financial markets.
Over the past three weeks, a total of $2.7 billion has flowed in, bringing the year-to-date net inflow to approximately $1.2 billion. Meanwhile, according to CoinShares' research director James Butterfill, the total assets under management for digital asset ETPs have also grown by 9.4%, nearing $140 billion.
With the latest inflow, Bitcoin ETPs have achieved a year-to-date gain of $933 million, while Ethereum funds remain in the red, with outflows of about $23 million year-to-date, despite inflows of $315 million last week.
Butterfill noted that the latest data highlights Bitcoin's “resilience” under geopolitical pressure, further solidifying its role as a “relative safe haven.”
Among major assets, XRP suffered the largest outflow of $76 million, while Solana recorded an inflow of $9.1 million.
Short-term Bitcoin products also saw an inflow of $8.1 million, indicating that investor positions remain “somewhat polarized.”
Thus, it appears that institutional investors are more inclined towards Bitcoin during uncertain times, rather than higher volatility altcoins.
Independent data regarding U.S. spot crypto ETFs also shows a similar trend. Spot Bitcoin funds recorded a net inflow of $767 million, while spot Ethereum ETFs attracted $161 million.
Will Bitcoin prices continue to rise?
Looking ahead, the market is closely watching the $74,000 to $74,500 range, which is currently viewed as a key resistance area. A decisive close above this level could lay the groundwork for Bitcoin's upward movement.
Meanwhile, maintaining the support area between $70,000 and $71,500 is crucial for sustaining the current bullish structure and preventing a pullback to earlier monthly lows.