₱83.85 billion ($1.4 billion) Flows Into Crypto as Fear Index Breaks Three-Month Freeze
Crypto investment products logged ₱83.85 billion ($1.4 billion) in fresh inflows last week as the Fear & Greed Index climbed above 29 on Monday for the first time since January 29, breaking a three-month freeze on sentiment.
Key Takeaway
Three-week inflow streak signals risk appetite returning as geopolitical tensions ease and sentiment breaks from three-month freeze.
CoinShares Head of Research James Butterfill pointed to recovering appetite for risk tied largely to ongoing US-Iran ceasefire talks.
Bitcoin ETPs captured ₱67.08 billion ($1.12 billion) of the weekly total and now sit at ₱7.37 trillion ($123 billion) in assets under management. US spot Bitcoin ETFs alone accounted for roughly ₱59.89 billion ($1 billion) of that figure. Year-to-date inflows for Bitcoin products have reached $3 billion, and the price briefly pushed toward $78,000 on Friday before pulling back.
Ether had its strongest week since January with $328 million in inflows. That brought year-to-date flows for Ether products into positive territory at $197 million. Total assets under management across all crypto ETPs hit $155 billion — the highest mark since early February — up from a March low of $128 billion.
The three-week run brought combined inflows to $2.7 billion, following the prior week's $1.1 billion. The US led regional flows with $1.5 billion, while Germany added $28 million. Switzerland recorded $138 million in outflows.
XRP products logged the largest altcoin outflows at $56 million, while Solana saw $2.3 million leave and short-Bitcoin products recorded $1.4 million in inflows. March CPI data showed inflation at 3.3% year over year with core inflation at 2.6%.
This article was written based on reporting from NewsBTC.
