Bitcoin

Polkadot

Million

Spot

James

Crypto investment products are up again in terms of inflows, giving the crypto industry a much-needed breather. Recent market dynamics have seen Bitcoin leading the surge of inflows into crypto investment products, signaling a possible resumption of bullish sentiment. 
James Butterfill, head of research at Coinshares, reported this inflow in a social media post. The statistics indicate that crypto investment products received inflows of $862 million over the timeframe spanning from March 23 to March 29 to reverse the record net outflows of $942 million <a href="https://www.newsbtc.com/crypto/crypto-outflows-bitcoin-decline/">set in the prior week</a>. Unsurprisingly, most of the inflow went into Bitcoin, hinting at a potential buying opportunity for investors still waiting to get in on the asset during this bull run. 
<h2 id="institutional-investors-pump-862-million-into-crypto-market">Institutional Investors Pump $862 Million Into Crypto Market</h2> 
James Butterfill <a href="https://x.com/jbutterfill/status/1774752626850075053?s=20" rel="nofollow">termed the inflow</a> registered last week as a “recovery for ETFs.” This is rightly so, as these US-based Spot Bitcoin ETFs gave investors a scare in the prior week with lackluster inflow, hinting at the possibility that the bull run <a href="https://bitcoinist.com/bitcoin-etf-frenzy-waning-investors-shifting-focus/" rel="nofollow">could be coming to an end</a>. This led to crypto investment products bleeding for the first time after seven consecutive weeks of inflows.&nbsp; 
However, it would seem the sentiment regarding Spot Bitcoin ETFs is now back to a very bullish outlook. As a result, Bitcoin registered $865 million in inflows to bring its year-to-date inflow to $12.83 billion. On the other hand, Ethereum and multi-asset products registered $18.9 million and $2.6 million in outflows, respectively, to offset some of the inflows registered by Bitcoin.&nbsp; 
Inflows of $6.1 million, $0.2 million, $0.3 million, $1.1 million, and $2.4 million were recorded for Solana, Litecoin, XRP, and Polkadot, respectively. Polkadot also registered an inflow of $2.4 million. Short Bitcoin products, on the other hand, witnessed outflows of $2 million.&nbsp; 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-600968 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Crypto-inflows.jpeg?w=460&amp;resize=460%2C339" alt="Crypto inflows" width="460" height="339" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Crypto-inflows.jpeg?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/04/Crypto-inflows.jpeg?w=460&amp;resize=460%2C339 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<h2 id="buying-opportunity-for-bitcoin">Buying Opportunity For Bitcoin?</h2> 
Bitcoin’s price surge for the past few months has largely been due to action surrounding Spot Bitcoin ETFs. Interestingly, last week’s inflow activity saw Bitcoin breaking into the $70,000 price territory multiple times last week. This bullish momentum wasn’t sustained, allowing the bears to <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-teeters-on-the-edge-of-glory-will-it-smash-the-70000-resistance/">create a resistance</a> at around $71,000. 
Nevertheless, the inflow indicates <a href="https://www.newsbtc.com/news/bitcoin/when-bitcoin-price-150000/">something bullish</a> might be brewing behind the scenes. <a href="https://bitcoinist.com/bitcoin-hashrate-hits-new-high-triple-the-money/" rel="nofollow">Fundamentals </a>surrounding the crypto point to a bullish price action throughout April, particularly as the <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-halving-2900-blocks/">next halving approaches</a>. 
Bitcoin went through <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-dumped-to-66k/">bearish price action</a> over the weekend, correcting by almost 7% from $71,285. At the time of writing, Bitcoin has broken below a support at $68,500 and is now trading at $66,510. <a href="https://x.com/santimentfeed/status/1775034934702510319?s=20" rel="nofollow">According to Santiment</a>, the price dip has given crypto traders a sense of buying opportunity with calls of “buy and bullish” spiking across social media. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/cWzy2FRo/" alt="Crypto total market cap chart from Tradingview.com" width="3286" height="1530">

Buying Opportunity: Crypto Institutional Investors Pump $862 Million Into The Market

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