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Crypto fund inflows lift sentiment, but Bitcoin upside seen as limited

CoinShares said investors added $287 million to crypto funds last week, yet it sees no significant upside potential from current levels.

Reported · Written up by our desk · Market Structure

CoinShares said investors have begun putting money back into crypto exchange traded products, a shift that suggests improving sentiment for digital assets. In a Friday report, it noted that the fresh inflows came despite uncertainty around broader market conditions.

The firm’s research head, James Butterfill, said Bitcoin may be at or near a floor, but he warned there is no clear “significant upside potential” from here. CoinShares pointed to macroeconomic headwinds, including the US bombing of Iran and rising oil prices, which it said could push inflation higher again.

Bitcoin’s price action has reflected that tension. The article says it rose earlier in the week to a seven day high of $65,501 on news that US inflation was softer than expected, then later erased those gains and was last trading around $64,010.

CoinShares also attributed part of the backdrop to flows from investors using US listed crypto products approved in 2024. It said $287 million entered crypto funds last week, and the data so far suggests another positive streak, even as Butterfill noted a rate cut was not probable at this stage, according to the report.

Latest closeBitcoin $64,048.49 ▲0.4%

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