📊 Crypto Capital Flows

— Weekly Market Brief

Digital assets have entered a Institutional Absorption phase. The breakout momentum from previous weeks is now being met with deep-pocketed accumulation that prevents significant pullbacks.

Institutional bidding remains the primary engine of this cycle.

• $BTC ETF flows stayed consistently positive, with a massive +$335.8M on April 22 and another +$223.3M on April 23. Total net inflows for the week exceeded +$1.4B, confirming that Wall Street is buying every minor dip.

• $ETH ETFs are showing renewed life, posting +$96.4M and +$43.4M in mid-week inflows, indicating that the Ethereum catch-up narrative is slowly rebuilding.

The stablecoin engine remains fully fueled. Total stablecoin market cap has stabilized at a massive $318.8B.

The lack of a drawdown in stablecoin supply during this consolidation confirms that dry powder is staying on-chain, waiting for the next volatility trigger.