$1.1B crypto inflows mark biggest weekly surge since January – Details

The global crypto market cap was trading at $2.52 trillion at the time of writing after a hike of 4.66% in the past 24 hours. This bullish sentiment was buoyed by digital asset investment products, which saw inflows worth $1.1 billion in the past week. As per CoinShares weekly report, the inflow of $1.1 billion was “the largest weekly total since early January.” As per the report, this shift in sentiment was tied to the risk appetite rebound, which was because of the 'immediate ceasefire' announced on the 8th of April. Though both the U.S. and Iran agreed on a deal to stop the escalating geopolitical tensions, the ceasefire was tentative. Adding to this bullish push was the “softer-than-expected U.S. spending and CPI data.” This indicated an increase in chances of rate cuts by the Federal Reserve, leading to positive sentiments in the crypto market. What else happened in the past week? Beyond the record inflows, trading volumes rose 13% week‑on‑week to $21 billion. However, this figure remains "well below the year‑to‑date average of $31 billion." Though there was recovery across the sphere, the total Assets Under Management (AuM) also recovered to levels last seen in early February. However, the Crypto Fear and Greed Index, which was still sitting in the “Extreme Fear” zone, underlines that there remains room for a stronger bullish push. Winners and losers Scrolling back to the past week, Bitcoin [BTC] was the leader, recording an inflow worth $872 million. This, in turn, resulted in the year-to-date (YTD) inflows reaching $2 billion. Needless to say, Ethereum [ETH] also mirrored similar sentiments as it witnessed inflows of $196.5 million. However, its YTD flow makes it the only asset that still sits in net outflows. At the same time, Ripple [XRP] recorded inflows of $19.3 million, but Solana [SOL] saw minor outflows of $2.5 million. Is the momentum sustaining? However, the start of the new week was not strong enough to sustain these inflows. On the 13th of April, the Spot BTC ETF recorded outflows worth $291 million, Spot ETH ETF saw $9.5 million in inflows. Spot SOL ETF recorded zero flows, while Spot XRP ETF saw $1.46 million in inflows. The Bitcoin, Ethereum, and Solana on-chain metrics also echoed these sentiments. Although BTC and ETH show stronger MVRV Ratios, Solana’s volatile spikes in Social Volume suggest that short‑term noise persists. Despite geopolitical turmoil, the U.S. recorded $1.06 billion in inflows, accounting for 95% of the weekly total. Germany followed the U.S. with $34.6 million in inflows. Meanwhile, Canada and Switzerland saw minimal inflows of $7.8 million and $6.9 million, respectively. Final Summary Bitcoin led last week's inflows with $871 million. The total Assets Under Management (AuM) also surged to early February highs, hinting at an overall spike.