Institutional investments are pouring into cryptocurrency at a faster rate than retail investments, with data supporting the recent bitcoin rally. According to CoinShares, digital asset investment products saw $1.2 billion in inflows last week, marking the fourth consecutive week of gains. Bitcoin alone attracted $933 million, bringing its year-to-date total to $4 billion, while Ether drew in $192 million for the third straight week above $190 million.
Meanwhile, blockchain equity ETFs, which invest in companies deriving revenue from crypto infrastructure, have seen significant inflows totaling $617 million over the past three weeks. This surge in demand for indirect exposure to cryptocurrency suggests that allocators unable or unwilling to hold bitcoin directly are turning to equity wrappers around the sector.
Bitcoin reached a high of $79,399 before retreating to $77,705, a level that matters as buyers from January and February approach breakeven on positions held through the war-driven correction. The upcoming week will test whether institutional flows can absorb selling pressure, potentially defining a range or preceding a breakout. With megacap tech earnings scheduled for this week, including Alphabet, Microsoft, Amazon, Meta, and Apple, the broader risk-on bid lifting bitcoin alongside equities will be put to the test.
Strong earnings could extend the four-week run of crypto inflows, potentially clearing $80,000, while disappointing results could send prices lower.