Fatewe

▪️ For the fourth consecutive week, we witnessed capital inflows into the crypto market from institutional investors. Last week’s inflow totaled $1.2 billion, bringing the four-week cumulative inflow to $4 billion.

Approximately $1 billion of the $1.2 billion came from ETFs, with the BlackRock iShares fund alone contributing over $950 million, indicating a highly asymmetric inflow distribution.
I expect that, due to the upcoming FOMC meeting this week and rising geopolitical tensions in the Middle East, this week’s inflows may proceed more cautiously—meaning lower capital inflows. However, if the trend reverses and the relatively large net ETF outflows observed yesterday continue, it would not be a positive signal for the market.
▪️ From an asset perspective:
Bitcoin ($BTC ) led with $930 million in inflowsEthereum ($ETH ) followed with $190 millionThen $XRP , Solana, and Chainlink with $25M, $32M, and $7M, respectivelyOther altcoins collectively saw only $4 million in inflows
Meanwhile, BTC short products recorded $17 million in inflows, suggesting that a cautious market sentiment still persists (though not intensifying).
A notable point over the past three weeks is the $620 million inflow into Blockchain Equity, compared to just $60 million into all altcoins (excluding Ethereum). This clearly indicates that smart money is still not favoring altcoins, not even for short-term trading. It would be wise to consider this in portfolio allocation.
▪️ Looking deeper into ETF activity:
Bitcoin ETFs purchased 10,830 BTC (net)Ethereum ETFs purchased 68,250 ETH (net)
A key observation is that Bitcoin ETF inflows have been more stable than Ethereum’s. However, at the start of the new week, this trend reversed:
On Monday alone:
ETFs sold 3,350 BTCETFs sold 21,300 ETH
This represents a significant outflow—about one-third of the previous week’s total inflow.
Given how dependent market trends are on ETF demand, continued outflows could signal potential price correction or extended bearish momentum.