Institutional sentiment swings bullish with a $858M weekly haul, marking the sixth consecutive week of positive flows as assets under management hit $160B.
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The institutional appetite for digital assets is sharpening. According to the latest CoinShares report, crypto investment products saw a net inflow of $857.9M last week, the highest weekly total since late April.
This surge pushed total assets under management (AuM) to a massive $160B.
The primary catalyst for this capital wave appears to be legislative progress in Washington. Sentiment shifted following a compromise on the CLARITY Act, which establishes a framework for stablecoin issuance and yields.
Despite pushback from the banking lobby, U.S. lawmakers managed to finalize a consensus text. On the back of this news, Bitcoin reclaimed the $80,000 mark on May 11, according to CoinMarketCap data, hitting its highest level since the February correction.
Bitcoin, as usual, captured the lion’s share of the capital, with $706.1M in fresh inflows. This brings the year-to-date total for the alpha-crypto to roughly $4.9B.
Perhaps more telling of the market mood is the mass exodus from "short-Bitcoin" products. Investors pulled $14.4M from instruments betting on a price drop, the largest weekly outflow for short products this year.
“Analysts at CoinShares noted that traders seem to be aggressively unwinding their hedges as they gain conviction in the current rally”, analysts noted.
Ethereum finally broke its sideways streak, returning to the green with $77.1M in inflows. This effectively erased the $81.6M outflow seen the week prior, signaling a renewed interest in the leading smart-contract platform.
Other altcoins also saw a significant acceleration in activity:
The only notable outlier in the report was the multi-asset fund category, which saw a modest outflow of $5.5M as investors likely rotated into specific single-asset products.
This post is for informational purposes only and does not constitute advertising or investment advice. Please do your own research before making any decisions.
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