Dominates – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 10 Aug 2025 03:37:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Dominates – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin Trails Gold in 2025 but Dominates Long-Term Returns Across Major Asset Classes https://earlybirdsinvest.com/bitcoin-trails-gold-in-2025-but-dominates-long-term-returns-across-major-asset-classes/ https://earlybirdsinvest.com/bitcoin-trails-gold-in-2025-but-dominates-long-term-returns-across-major-asset-classes/#respond Sun, 10 Aug 2025 03:37:07 +0000 https://earlybirdsinvest.com/bitcoin-trails-gold-in-2025-but-dominates-long-term-returns-across-major-asset-classes/

Bitcoin slipped 0.11% in the past 24 hours to $116,702, according to CoinDesk Data, but remains up 25% year to date, second only to gold’s 29% gain among major asset classes, according to data shared by financial strategist Charlie Bilello on X.

2025 Performance so far

jwp-player-placeholder

As of Aug. 8, bitcoin’s 25% year-to-date return ranked behind only gold’s 29.3% advance. Other major asset classes have posted more modest gains, with emerging market stocks (VWO) up 15.6%, the Nasdaq 100 (QQQ) up 12.7% and U.S. large caps (SPY) rising 9.4%. Meanwhile, U.S. mid caps (MDY) and small caps (IWM) 0.2% have only gained 0.8%, respectively. This marks the first time gold and bitcoin have occupied the top two positions in Bilello’s annual asset class rankings since records began.

2011–2025 Cumulative returns

Over the longer term, bitcoin has delivered an extraordinary 38,897,420% total return since 2011 — a figure that dwarfs all other asset classes in the dataset. Gold’s 126% cumulative return over the same period puts it in the middle of the pack, trailing equity benchmarks like the Nasdaq 100 (1101%) and U.S. large caps (559%), as well as mid caps (316%), small caps (244%) and emerging market stocks (57%). Based on Bilello’s figures, bitcoin’s total return has exceeded gold’s by more than 308,000 times over the past 14 years.

2011–2025 Annualized returns

When measured on an annualized basis, bitcoin’s dominance is equally clear. The flagship cryptocurrency has delivered a 141.7% average annual gain since 2011, compared with 5.7% for gold, 18.6% for the Nasdaq 100, 13.8% for U.S. large caps and 4.4% to 16.4% for other major equity and real estate indexes. Gold’s long-term stability has made it a valuable hedge in certain market cycles, but its pace of appreciation has been far slower than bitcoin’s exponential climb.

Gold vs. bitcoin, according to Peter Brandt

Renowned trader Peter Brandt weighed in on Aug. 8, contrasting gold’s merits as a store of value with bitcoin’s potential to surpass all fiat alternatives. “Some think gold is a great store of value — and it is. But the ultimate store of value will prove to be bitcoin,” he said on X, sharing a long-term chart of the U.S. dollar’s purchasing power. His comments echo the growing narrative that bitcoin’s scarcity and decentralization make it uniquely positioned to outperform traditional hedges over time.

Technical Analysis Highlights

  • According to CoinDesk Research’s technical analysis data model, between Aug. 8 at 21:00 UTC and Aug. 9 at 20:00 UTC, bitcoin traded within a $1,534.42 range (1.31%) from $116,352.52 to $117,886.44.
  • Price opened near $116,900 and moved sideways before surging during Asian hours, climbing from $116,440 to $117,886 between 05:00 UTC and 10:00 UTC on Aug. 9, with 24-hour trading volume exceeding 9,000 BTC during these intervals.
  • Strong buying emerged near $116,420 at 05:00 UTC, while selling pressure intensified around the $117,886 high.
  • Bitcoin closed the session at $116,517, down 0.32% from the open, with defined support at $116,400–$116,500 and resistance at $117,400–$117,900
  • In the final hour of the analysis period (Aug. 9, 19:06–20:05 UTC), bitcoin remained under downward pressure within a $195.11 band, sliding from $116,629.40 to $116,519.29 (-0.09%).
  • The largest final-hour volume spike occurred at 19:27 UTC, when 296.43 BTC changed hands as price tested $116,547 support.
  • Recovery attempts were repeatedly capped near $116,600–$116,713, in line with earlier intraday resistance.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

]]> https://earlybirdsinvest.com/bitcoin-trails-gold-in-2025-but-dominates-long-term-returns-across-major-asset-classes/feed/ 0 52433 Teucrium’s 2x XRP ETF tops $300M in flows, dominates 52% of the market https://earlybirdsinvest.com/teucriums-2x-xrp-etf-tops-300m-in-flows-dominates-52-of-the-market/ https://earlybirdsinvest.com/teucriums-2x-xrp-etf-tops-300m-in-flows-dominates-52-of-the-market/#respond Wed, 30 Jul 2025 00:56:14 +0000 https://earlybirdsinvest.com/teucriums-2x-xrp-etf-tops-300m-in-flows-dominates-52-of-the-market/

Teucrium 2x Long Daily XRP ETF (XXRP) reached $323.6 million in net flows this week, being the first XRP exchange-traded fund (ETF) traded in the US to surpass the $300 million threshold.

According to VettaFi’s data, XXRP now represents 52.5% of the total $616 million in net flows registered by US-traded XRP ETFs. 

Notably, all exchange-traded products (ETPs) tied to XRP in the US are pegged to derivatives, with the SEC yet to greenlight spot products as of July 29.

Two-digit growth

According to CoinShares, XRP ETPs captured $189 million in inflows last week. XXRP’s $73.4 million in net flows then represented 39% of the global flows, and a 22.7% weekly growth in inflows.

On July 21, XXRP saw the most significant daily volume of any XRP ETF in the US to date, capturing $50.4 million. 

The Teucrium ETF is the oldest of the four XRP ETFs traded in the US, launched on April 8. On May 22, Volatility Shares launched its XRP products, the funds XRPI and XRPT. While XRPI offers no leverage, XRPT offers exposure to 2x leverage.

XRPI registered $124.6 million in inflows as of July 28, according to data from ETF.com. XRPT posted nearly $168 million in net flows in the same period.

Regarding last week’s performance, Volatility Shares’ funds registered similar growth. XRPI total inflows increased by 27% by $33.6 million. At the same time, XRPT added $43.6 million in inflows, growing 26%.

The youngest of the bunch is ProShares Ultra XRP ETF (UXRP), which became live on July 16. Since then, the 2x leverage ETF captured roughly $101,000 in inflows.

Outpaced by Solana products

Despite surpassing Solana (SOL) in total market cap to become the third-largest crypto, XRP ETPs still register a smaller inflow count than SOL-related products this year.

XRP-based products closed June with nearly $410 million in year-to-date flows, against SOL’s $292.5 million.

However, XRP products now amount to $721 million in the global total net flows, losing ground to Solana-tied ETPs and their $844 million in inflows.

Mentioned in this article
]]> https://earlybirdsinvest.com/teucriums-2x-xrp-etf-tops-300m-in-flows-dominates-52-of-the-market/feed/ 0 50398 Solana dominates real value rankings, DEX volume during H1 https://earlybirdsinvest.com/solana-dominates-real-value-rankings-dex-volume-during-h1/ https://earlybirdsinvest.com/solana-dominates-real-value-rankings-dex-volume-during-h1/#respond Thu, 03 Jul 2025 04:03:52 +0000 https://earlybirdsinvest.com/solana-dominates-real-value-rankings-dex-volume-during-h1/

Solana dominated major cryptocurrencies in real economic value (REV) and DEX volumes during the first half of 2025, according to Helius’ “Solana Ecosystem Report H1 2025.”

The report highlighted that Solana has led all blockchains in REV since October 2024 and reached $551 million in January 2025. 

REV is a metric that measures the monetary demand for using a blockchain’s network for transactions, including base transaction fees and out-of-protocol tips. 

Daily REV hit $56.8 million on January 19, surpassing the combined value of Ethereum and Bitcoin. 

Notably, Jito tips contributed between 42% and 66% of monthly REV, showing that users pay sizable premiums for priority execution and confirming a mature market for maximum extractable value (MEV) that channels revenue to validators without increasing median fees.

Daily transactions top 160M

The report noted that the fee structure allowed Solana to absorb traffic spikes, such as January’s TRUMP memecoin frenzy, while maintaining a median fee of nearly $0.003. 

The network processed approximately 162 million transactions daily, with an average slot time of around 390 milliseconds (ms), and has not halted since February 2024. 

According to the report, the upcoming Alpenglow consensus code, currently in the testing phase, aims for a finality of 100 to 150 ms and reduces validator breakeven capital to approximately $75,000.

The total value locked averaged between $8 billion and $9 billion during the first half of 2025, with an 18% quarter-on-quarter increase, placing Solana second only to Ethereum. 

Jupiter’s platform for perpetual swaps handled approximately $1 billion in daily volume and accounted for 79% of the on-chain perps market, while trading bots executed roughly half of all swaps.

Liquid staking token JitoSOL kept about 39% of the staking share. The network settled 81% of all DEX trades in 2024 and cleared $890 billion in DEX trading volume during the first five months of 2025.

Real-world traction expands off-chain reach

The stablecoin float on Solana increased from $1.5 billion to $11.7 billion in 18 months, with Circle minting $1.75 billion in USDC in May alone.

Telecom app Helium Mobile added approximately 300,000 subscribers in the first quarter.

The report added that crowdsourced-mapping project Hivemapper covered 30% of the global roads, and the tokenized-asset marketplace Baxus logged an 11,500% increase in crypto payments, alongside a 50-fold rise in overseas buyers.

Mentioned in this article
]]> https://earlybirdsinvest.com/solana-dominates-real-value-rankings-dex-volume-during-h1/feed/ 0 45463 Binance Dominates Bitcoin Futures with 87% Taker Volume: CQ https://earlybirdsinvest.com/binance-dominates-bitcoin-futures-with-87-taker-volume-cq/ https://earlybirdsinvest.com/binance-dominates-bitcoin-futures-with-87-taker-volume-cq/#respond Wed, 02 Jul 2025 19:48:35 +0000 https://earlybirdsinvest.com/binance-dominates-bitcoin-futures-with-87-taker-volume-cq/

Fresh data from the on-chain analytics platform CryptoQuant shows Binance now commands 87% of global taker buy volume in Bitcoin (BTC) futures.

This figure dwarfs the combined activity of major competitors like OKX, Deribit, BitMEX, and Bybit, which together account for only about 10%.

Taker Volume Signals Market Supremacy

Takers are traders who accept existing offers or bids on a platform’s order book rather than placing their own. Since they want their request filled immediately, they tend to “take” a value that’s already listed so that they can react swiftly to a cryptocurrency’s price movements. This is done through the so-called market orders.

This metric is crucial: it indicates where positions fill fastest and where capital flows are most concentrated. Experts usually consider the taker volume important for gauging real-time market activity, and according to CryptoQuant, Binance is the overwhelming leader, capturing 87% of such deals.

That it holds the lion’s share of this activity indicates that Binance is the go-to platform for traders looking to act quickly on price trends, especially those using leverage-heavy BTC futures contracts. As noted by analyst J.A. Maartun, the exchange’s dominance means traders’ orders will be filled rapidly, while market watchers like him get to “monitor order books, liquidity levels, and capital flows more effectively.”

Binance’s grip on the space is not new, but it solidified following the 2022 collapse of FTX, which at one point was one of its main rivals. The gap it left behind saw the then Changpeng Zhao-led firm steadily grow its daily trading volume to cement its place as the largest crypto exchange in the world based on this metric.

Beyond Futures

However, its dominance isn’t just in the futures space. As recently reported by CryptoPotato, the BTC.com mining pool exclusively directs almost 98% of its identifiable Bitcoin exchange flows to Binance, making it the primary gateway for new BTC entering the market.

The crypto exchange also dominates USDT liquidity on Tron, with on-chain data showing it routinely processes more than 65% of the stablecoin’s transfers on the network. This amounts to anywhere between $2 billion and $3 billion worth of TRC-20 Tether processed each day.

Nonetheless, this extreme centralization is a double-edged sword. While it offers unmatched liquidity and efficiency, it also concentrates systemic risk. Any significant operational, regulatory, or technical issue impacting Binance could send shockwaves across the entire crypto ecosystem, disrupting derivatives pricing, spot liquidity, and even stablecoin flows.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

]]> https://earlybirdsinvest.com/binance-dominates-bitcoin-futures-with-87-taker-volume-cq/feed/ 0 45400 Large $422 million inflow into Bitcoin ETFs as BlackRock dominates with $351 million https://earlybirdsinvest.com/large-422-million-inflow-into-bitcoin-etfs-as-blackrock-dominates-with-351-million/ https://earlybirdsinvest.com/large-422-million-inflow-into-bitcoin-etfs-as-blackrock-dominates-with-351-million/#respond Fri, 02 May 2025 16:19:44 +0000 https://earlybirdsinvest.com/large-422-million-inflow-into-bitcoin-etfs-as-blackrock-dominates-with-351-million/

Bitcoin exchange-traded funds recorded $422 million in inflows on May 1, led by BlackRock’s IBIT, which added $351 million.

The move followed Thursday’s outflow, which broke an eight-day win streak and pushed cumulative net flows for US-listed spot Bitcoin ETFs back to $39.5 billion since their launch (including Grayscale outflows), according to Farside Investors’ data.

Total Bitcoin ETF AUM across both spot funds has reached $112 billion as the Bitcoin price continues to rise well above ETF launch prices. BlackRock’s IBIT alone has had total inflows of an AUM of $58 billion, or 597k BTC.

The gap in net cumulative flows and AUM is mainly due to the price appreciation of Bitcoin since those inflows arrived (plus a few small items such as accrued cash, fees, and rounding). Net inflows are historical costs; AUM is marked‑to‑market.

Fidelity’s FBTC and Bitwise’s BITB saw smaller gains of $29.5 million and $38.4 million, respectively, while Grayscale’s GBTC posted $16 million in net inflows after prolonged outflows.

Provider Ticker Fee 30 Apr (US$m) 01 May (US$m) Total (US$m)
BlackRock IBIT 0.25% 267.0 351.4 43,006
Fidelity FBTC 0.25% -137.5 29.5 11,664
Bitwise BITB 0.20% -23.0 38.4 2,060
Ark ARKB 0.21% -130.8 -87.2 2,653
Invesco BTCO 0.25% 0.0 10.6 114
Franklin EZBC 0.19% 0.0 0.0 261
Valkyrie BRRR 0.25% 0.0 0.0 311
VanEck HODL 0.20% 0.0 21.9 887
WTree BTCW 0.25% 0.0 0.0 37
Grayscale GBTC 1.50% -32.0 16.0 -22,747
Grayscale BTC 0.15% 0.0 41.9 1,288
Total -56.3 422.5 39,532

The renewed inflows arrived as Bitcoin surpassed $97,000 on May 2, drawing attention to the feedback loop between spot prices and ETF demand.

The gap between the largest issuers remains wide. While BlackRock and Fidelity benefit from deep distribution networks, smaller players such as Valkyrie and VanEck recorded little or no daily flow.

Competitive pressures may grow as Grayscale considers pricing adjustments to stem outflows and maintain relevance in a rapidly maturing ETF landscape.

]]> https://earlybirdsinvest.com/large-422-million-inflow-into-bitcoin-etfs-as-blackrock-dominates-with-351-million/feed/ 0 34019 US Dominates BTC Mining With 75.4% Share as Clean Energy Use Hits 52.4%: Report https://earlybirdsinvest.com/us-dominates-btc-mining-with-75-4-share-as-clean-energy-use-hits-52-4-report/ https://earlybirdsinvest.com/us-dominates-btc-mining-with-75-4-share-as-clean-energy-use-hits-52-4-report/#respond Tue, 29 Apr 2025 21:26:31 +0000 https://earlybirdsinvest.com/us-dominates-btc-mining-with-75-4-share-as-clean-energy-use-hits-52-4-report/

According to new research from the Cambridge Centre for Alternative Finance (CCAF), North America now accounts for 82.5% of the global Bitcoin mining power.

The report draws from survey responses from 49 mining companies operating across 23 countries, accounting for nearly half of the Bitcoin network’s hashrate.

Sustainability Practices

The study highlighted a rise in sustainable energy use, with 52.4% of miners now relying on renewables at 42.6% and nuclear at 9.8%, up from 37.6% in 2022. Natural gas also became the top single energy source at 38.2%, overtaking coal, which dropped to 8.9% from 36.6%.

On the other hand, the network’s annual electricity consumption rose by 17% to 138 TWh, approximately 0.54% of global electricity usage. This increase came despite a 24% improvement in mining equipment efficiency, which reached an estimated 28.2 joules per terahash (J/TH) by mid-2024.

Electricity remains the dominant operational expense for miners, accounting for over 80% of cash-based costs, with median rates reported at $45 per MWh.

The industry’s greenhouse gas emissions are estimated at 39.8 million metric tons of CO₂ each year, about 0.08% of global emissions. The study says this number could drop to 32.9 million tons in cases where flared gas is used. 70.8% of miners also reported using climate mitigation measures, such as waste-heat recovery and demand-side response (DSR), with 888 GWh of reduced load reported in 2023.

Meanwhile, the mining hardware market is dominated by a few companies, with Bitmain, the leading ASIC manufacturer, holding 82% of the market, while the firmware market is more varied.  Further, around 86.9% of decommissioned equipment is repurposed or recycled, with mining-related e-waste estimated at 2.3 kilotonnes for 2024.

Market Dominance and Challenges

The study also shows that more Bitcoin mining is now based in North America, with the United States accounting for 75.4%, and Canada following with 7.1%. However, it noted that activity is also growing in emerging markets like South America and the Middle East.

Economically, the U.S. mining sector has become a major contributor. A separate report by The Perryman Group found that the industry generates over 31,000 jobs and adds more than $4.1 billion in gross product annually. Texas leads with $1.7 billion and 12,200 jobs, followed by Georgia ($316.8 million, 2,300 jobs) and New York ($225.9 million, 1,600 jobs).

Despite the momentum, CCAF’s analysis reveals that the mining industry is still facing some challenges, including regulatory uncertainty, volatile energy prices, and unpredictable Bitcoin market conditions. As a result, more players are turning to diversification strategies in areas such as AI computing and energy innovation to sustain profitability.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

]]> https://earlybirdsinvest.com/us-dominates-btc-mining-with-75-4-share-as-clean-energy-use-hits-52-4-report/feed/ 0 33506 RavenQuest Dominates Twitch, Making Web3 Gaming History https://earlybirdsinvest.com/ravenquest-dominates-twitch-making-web3-gaming-history/ https://earlybirdsinvest.com/ravenquest-dominates-twitch-making-web3-gaming-history/#respond Thu, 03 Apr 2025 13:42:36 +0000 https://earlybirdsinvest.com/ravenquest-dominates-twitch-making-web3-gaming-history/

The RavenQuest MMORPG has shattered expectations by becoming the first blockchain game to achieve mainstream popularity on Twitch, attracting over 1 million unique viewers during its pre-launch testing phase alone. Its success could be a turning point for Web3 gaming, demonstrating that blockchain integration can enhance rather than detract from engaging gameplay experiences.

Key Takeaways

  • RavenQuest reached 8,200 concurrent Twitch viewers within an hour of launch, surpassing Final Fantasy XIV to become the fourth most-streamed MMORPG.

  • The game generated $262,000 in NFT trading volume within 48 hours of the RavenQuest launch.

  • Players spend an average of 3 hours 47 minutes per session, twice the industry standard.

  • Three land sales sold out, with 28% of $QUEST tokens allocated to landowners.

Breaking Twitch Records

The numbers behind RavenQuest’s Twitch dominance tell a compelling story. Within just one hour of its March 2025 launch, the game attracted 8,200 concurrent viewers, quickly overtaking established titles like Final Fantasy XIV to become the fourth most-streamed MMORPG on the platform. The first-week post-launch saw even more impressive metrics:

  • 493,000 total hours watched

  • 9,292 peak concurrent viewers

  • 77,445 total players

  • 1,648,910 total views

While established MMORPGs like World of Warcraft had previously dominated Twitch’s viewership charts, RavenQuest has proven that blockchain games can compete.

Source RavenQuest

The Perfect Balance: Free-to-Play Meets Blockchain

RavenQuest’s success can attributed to its integration of blockchain elements without sacrificing accessibility. The game adopted a free-to-play model that removed initial barriers to entry while maintaining optional blockchain components for interested players.

This approach created an advantage over many Web3 predecessors that required significant upfront investment in crypto tokens or NFTs. By making the game available across both PC and mobile platforms, RavenQuest further expanded its potential audience.

The game’s predecessor, RavenDawn, had already built a substantial community of over 250,000 monthly active users before the full blockchain integration. This existing player base provided a solid foundation for growth at launch.

Most notably, RavenQuest has defied typical retention trends in the Web3 gaming space. Players spend an average of 3 hours and 47 minutes per session—twice the industry standard—indicating that the game has found that elusive balance between engaging gameplay and blockchain integration.

Building a Thriving Digital Economy

The economic activity surrounding RavenQuest has been just as impressive as its player engagement metrics. The first 48 hours after launch generated $349,895 in NFT trading volume, exceeding the combined volume of the top 50 collections on competitive blockchain networks.

Land ownership has emerged as a central element of the game’s economy, with three consecutive sold-out land sales and 28% of the total $QUEST token supply allocated to landowners. This creates both utility and scarcity within the game’s ecosystem.

Immutable’s Infrastructure: The Foundation of Success

Behind RavenQuest’s mainstream breakthrough is Immutable’s comprehensive web3 gaming infrastructure. The platform’s zkEVM scaling solution enables seamless asset trading while maintaining security and low transaction costs—critical factors for mass adoption.

The Immutable ecosystem provided additional advantages:

  • Access to 4.8 million Passport holders for easy onboarding

  • A base of 2 million monthly active users across the platform

  • Mobile optimization technology for cross-device play

  • Dedicated Twitch integration tools

The closed beta testing phase demonstrated the power of this infrastructure, with 74,000 unique players generating over 1 million Twitch views before the official launch. These early tests allowed the development team to refine gameplay while building anticipation through controlled access.

Source RavenQuest

Player Ownership: Redefining In-Game Economics

RavenQuest’s approach to player-owned assets represents a meaningful evolution from traditional MMO economies. Players can truly own their in-game items and land parcels as tradable digital assets, creating value that extends beyond the game itself.

Customizable land parcels enable players to create unique spaces within the game world, from personal housing to commercial hubs where other players can engage in activities. This ownership model creates meaningful stakes in the game’s virtual world.

The marketplace for tradable gear has fostered a dynamic player-to-player economy where skilled crafters can establish reputations and build customer bases. Importantly, the game maintains a careful balance between economic incentives and gameplay value—items must be useful in-game rather than purely speculative assets.

]]> https://earlybirdsinvest.com/ravenquest-dominates-twitch-making-web3-gaming-history/feed/ 0 28785 Bitcoin Dominates $644M Crypto Fund Inflows—But Ethereum Sees Major Pullback https://earlybirdsinvest.com/bitcoin-dominates-644m-crypto-fund-inflows-but-ethereum-sees-major-pullback/ https://earlybirdsinvest.com/bitcoin-dominates-644m-crypto-fund-inflows-but-ethereum-sees-major-pullback/#respond Mon, 24 Mar 2025 23:17:56 +0000 https://earlybirdsinvest.com/bitcoin-dominates-644m-crypto-fund-inflows-but-ethereum-sees-major-pullback/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The latest weekly crypto asset fund flows report from CoinShares shows a significant turnaround in sentiment. According to the European digital asset manager, crypto investment products recorded $644 million in inflows last week, ending a five-week streak of outflows.

This recovery follows a prolonged period of bearish sentiment, with the last instance of sustained inflows occurring more than a month ago.

Bitcoin Leads Recovery as Ethereum Sees Largest Outflows

James Butterfill, Head of Research at CoinShares, noted that “total assets under management have risen by 6.3% from their low point on March 10th.” He added that inflows were recorded every single day of the week, marking a clear reversal from the 17 consecutive days of outflows that preceded it.

This trend suggests that investor sentiment may be shifting more positively toward digital assets. Bitcoin played a dominant role in last week’s inflow data, attracting $724 million in new capital and ending its own five-week outflow streak, which had totaled $5.4 billion.

Short Bitcoin products, which profit from BTC price declines, registered outflows for the third consecutive week, totaling $7.1 million, signaling waning bearish expectations from investors.

Crypto asset fund flows.
Crypto asset fund flows. | Source: CoinShares

While Bitcoin led the inflows, the altcoin space showed mixed results. Ethereum saw the most significant outflows of any digital asset, with $86 million exiting ETH investment products.

Other altcoins, including Sui and Polkadot, also posted outflows of $1.3 million each, while Tron and Algorand lost $0.95 million and $0.82 million, respectively.

In contrast, Solana emerged as the top altcoin in terms of investor interest, with $6.4 million in inflows. Polygon and Chainlink followed with modest gains of $0.4 million and $0.2 million.

Regionally, the United States was responsible for the majority of inflows ($632 million), while Switzerland, Germany, and Hong Kong contributed smaller but still positive amounts.

Crypto asset fund flows by region
Crypto asset fund flows by region. | Source: CoinShares

Crypto Market Performance

Regardless of this fund flow recorded last week, this week’s crypto market performance appears to have started on a bullish note. In the early hours of Monday, Bitcoin picked up a notable recovery with the asset rising by nearly 5% to reclaim its price back above $87,000.

Bitcoin (BTC) price chart on TradingView
BTC price is moving upwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

Particularly, at the time of writing, the asset still hovers above $87,000, trading at a price of $87,517, marking an approximately 5.1% increase over the past week. Interestingly, despite this, the asset is still down by a double digit from its all-time high (ATH) above $109,000 registered in January.

According to data from Coingecko, at current market prices, BTC is down by roughly 19.8% from this peak. Interestingly, not only BTC started the Monday green, even Ethereum that has been consolidating inside a bearish trend has also seen an uptick.

Over the past day, the asset has risen by 3.3% and in the past week, ETH has surged by nearly 10% bringing its its value to a current trading price of $2,083.

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

]]> https://earlybirdsinvest.com/bitcoin-dominates-644m-crypto-fund-inflows-but-ethereum-sees-major-pullback/feed/ 0 27028