Institutional Investors Pump $1 Billion into Crypto Funds
Institutional investors have been quietly rotating back into crypto funds, bringing with them over $1 billion in fresh allocations.
This significant shift comes after five consecutive weeks of outflows from exchange-traded products, which drained roughly $4 billion from the market.
Bitcoin led the rotation with $881 million in net inflows last week, while Ethereum added $117 million and Solana products attracted roughly $54 million. Short Bitcoin products still pulled in $3.7 million, a reminder that not everyone agrees this bounce has legs.
The immediate hurdle for BTC is clearing the $72,000 resistance level, which was previously rejected multiple times. If it breaks through cleanly, the path opens toward $80,000 first, then $84,000 and possibly $90,000 if buying pressure builds throughout the month.