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Crypto funds snap five-week outflow streak, drawing $1B amid Bitcoin whale accumulation

Crypto Briefing
Digital asset funds saw their first weekly inflow in five weeks, attracting over $1 billion, driven largely by Bitcoin accumulation.

Summary

Digital asset investment products recorded their first inflows in five weeks, totaling over $1 billion, following four consecutive weeks of outflows totaling $4 billion. CoinShares reported that this turnaround was likely driven by market dynamics such as prior price weakness, technical resets, and renewed accumulation by large Bitcoin holders, rather than macro catalysts. Bitcoin dominated the inflows, attracting $881 million, while Ethereum saw $117 million in new capital. Solana funds also attracted $54 million. Regionally, the US led the positive flows, with Canada and parts of Europe also seeing inflows. The resurgence in whale accumulation suggests investors are seeking entry points after recent weakness, potentially signaling a shift toward early-stage accumulation.

(Source:Crypto Briefing)