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cryptonews 2025-06-23 10:52:48

Crypto Funds Log $1.24B in 10th Week of Inflows, But Momentum Slips on Geopolitical Tensions

Crypto funds recorded $1.24 billion in inflows last week, marking the tenth consecutive week of gains and pushing year-to-date totals to a record $15.1 billion. Key Takeaways: Crypto funds saw $1.24B in weekly inflows, extending the streak to 10 weeks and $15.1B year-to-date. U.S. led inflows with $1.25B, while Hong Kong and Switzerland posted notable outflows. Bitcoin and Ethereum dominated flows, with altcoins like Solana and XRP also attracting fresh capital. Despite the milestone, the pace of inflows slowed in the latter half of the week, according to a Monday report by CoinShares . The report attributed the decline to the U.S. Juneteenth holiday and rising geopolitical uncertainty surrounding reports of U.S. involvement in the Iran conflict . The US Attracts $1.25 Billion in Crypto Funds Inflows The US remained the primary driver, contributing $1.25 billion in inflows. Canada and Germany added $20.9 million and $10.9 million, respectively. However, Hong Kong and Switzerland posted outflows of $32.6 million and $7.7 million, partially offsetting the global momentum. Bitcoin attracted $1.1 billion in fresh capital, marking its second straight week of inflows despite recent price weakness, signaling continued appetite among institutional buyers. Short-Bitcoin products, meanwhile, saw modest outflows of $1.4 million, reinforcing the bullish bias. Digital asset investment products saw their 10th consecutive week of inflows, totalling $1.24bn, with YTD inflows reaching a record $15.1bn pic.twitter.com/HzI5lvxl8L — Bordan Jelford (@BordanJelford) June 23, 2025 Ethereum logged its ninth consecutive week of inflows at $124 million, bringing its recent total to $2.2 billion, the longest positive streak since mid-2021. Solana and XRP also drew attention, with inflows of $2.78 million and $2.69 million respectively, underscoring broader altcoin interest even as global risk sentiment shifts. BTC Stuck in Range as Analysts Eye Breakout or $91K Correction Bitcoin has been range-bound since May 9, trading between $100,500 and $110,800, according to analysts at B2BinPay. The asset is currently hovering near the midpoint of that range, leaving traders uncertain about the next major move. In a note shared with Cryptonews.com, the analysts said that key liquidity levels, including the January 20 high, were cleared out during the May 21 price action. This opens the door for a potential correction toward $91,300, retracing the rally that began on April 7. “A proper correction to that level would not be unreasonable,” the firm stated. However, there’s also a case for a bullish breakout. B2BinPay highlights the current state of altcoins, many of which have already swept their key lows and are now trading near historically weak levels compared to BTC. This exhaustion in altcoin selling could signal a rotation back into Bitcoin, pushing it higher. Bitcoin dominance remains elevated at nearly 65%. A significant pullback to $91K would likely trigger a steep selloff across altcoins unless dominance retreats in parallel. “That’s why any expectation of a deeper Bitcoin pullback should be tied to a significant drop in dominance. Until that happens, the broader market is likely to remain under pressure,” they concluded. The post Crypto Funds Log $1.24B in 10th Week of Inflows, But Momentum Slips on Geopolitical Tensions appeared first on Cryptonews .

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