cryptobriefing.com
Bitcoin is leading the latest rebound in digital assets, with CoinShares data showing continued inflows into crypto investment products as $BTC extended a rally that has now lasted more than four weeks.
Digital asset investment products recorded $117.8 million in inflows last week, according to CoinShares’ latest weekly report, marking the fifth consecutive week of inflows.
The modest total masked a late week sentiment reversal, following a stronger run in late April when digital asset products saw $1.2 billion in inflows for a fourth consecutive week, led by $933 million into Bitcoin products.
Bitcoin has climbed steadily since early April and topped $81,000 earlier today. The rally also gave Bitcoin its highest daily close since January on Monday, reinforcing $BTC’s dominance through the current market rebound.
Ethereum has participated in the rebound, but it has not matched Bitcoin’s strength. $ETH traded near $2,385 at press time, while the $ETH/$BTC ratio has fallen roughly 7% since early April, showing that capital has continued to favor Bitcoin over Ethereum and most altcoins during the latest leg higher.
CoinShares’ previous weekly report showed Ethereum products attracted $192 million in inflows, marking a third consecutive week above $190 million. That streak ended last week, with Ethereum products posting $81.6 million in outflows as participation narrowed across digital asset products, especially across altcoins.
Bitcoin continues to define the broader market structure. $BTC is absorbing most of the institutional demand and setting the tone for the recovery, while Ethereum and most altcoins are still waiting for a broader rotation.