Bitcoin Funds Shed $264M Last Week, Alts Reverse Negative Trend
Bitcoin investment products experienced $264.4 million in outflows over the past week, marking a third straight week of negative sentiment, while other crypto assets like XRP, Solana, and Ethereum recorded inflows of $63.1 million, $8.2 million, and $5.3 million, respectively. Overall digital asset fund outflows slowed significantly to $187 million from over $1.7 billion in the previous two weeks, indicating potential stabilization and a possible market inflection point. This decrease in outflows coincided with Bitcoin’s rebound from a 16-month low of $62,822 to approximately $70,500. Assets under management for all crypto funds dropped to $129.8 billion, their lowest level since March 2025, but exchange-traded product (ETP) volumes hit a new record at $63.1 billion. Altcoin market sentiment remains bearish, and market participants see a low probability of a near-term "alt season." Forecasts remain divided: some analysts predict further downside for Bitcoin, while others retain ultra-bullish long-term targets, such as $1 million by 2031.
