Crypto Funds Witness Influx into Altcoins After Five-Week Lull

From March 22 to 28, inflows into cryptocurrency investment funds slowed from $644 million to $226 million, including altcoins ($33 million), according to CoinShares. 

In the previous four weeks, investors withdrew a total of $1.7 billion from altcoins.

The main beneficiaries of the inflows during the last reporting period were:

• Ethereum — $14.5 million;
• Solana — $7.8 million,
• XRP — $4.8 million;
• Sui — $4 million.

Instruments based on the leading cryptocurrency saw inflows decrease from $724 million to $195 million.

In the segment of US spot Bitcoin ETFs, investors added $196.5 million to products. The positive trend continued for the second consecutive week.

Clients withdrew $2.5 million (previously $3.6 million) from structures allowing short positions on digital gold.

On March 31, the price of the leading cryptocurrency fell below $82,000 amid the approach of US trade tariffs.

CryptoQuant specialists noted alarming signals for Bitcoin in four indicators. A verified author from the analytical firm confirmed that MVRV does not yet indicate the price has hit bottom.

Earlier, experts surveyed by Bloomberg suggested a “bull trap” in the rebound of digital gold’s price.