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$2 Billion Floods Into Crypto Funds – Is Bitcoin’s $100K Surge Imminent?

$2 Billion Floods Into Crypto Funds – Is Bitcoin’s $100K Surge Imminent?

Ambcrypto
Author:
Ambcrypto
Release Time:
2025-05-06 07:00:20
0

Wall Street’s latest love affair with digital assets hits a record high—just as regulators start sharpening their knives.

Institutional money pours in while retail traders brace for the inevitable rug pull.

Bitcoin’s ATH whispers sweet nothings, but remember: in crypto, gravity always wins eventually.

Crypto funds

Source: CoinShares

During the prior week, crypto ETFs saw a whopping $3.4 billion demand. This coincided with President Donald Trump hinting at the potential for a U.S-China deal on tariffs.

Needless to say, the macro shift triggered renewed risk-on sentiment, boosting the overall crypto segment. 

Bitcoin, ETH, XRP top demand

As far as asset performance is concerned, Bitcoin [BTC] products, as always, saw the largest demand at $1.84 billion. Ethereum [ETH] followed closely with $149 million inflows. 

Crypto funds

Source: CoinShares

Away from the top crypto assets, XRP maintained its altcoin lead this week again. It attracted $10.5 million last week, compared to $31.6 million in the week prior. 

Over the same period, Solana’s [SOL] interest only hit $6 million, but it was much better compared to Sui’s $0.3 million. In fact, SOL improved from $5.7 million in outflows seen the week prior. 

Could it be rotation from Sui? Well, the altcoin’s inflows shrank by nearly 20x from $20 million to less than $0.5 million over the same period. 

Overall, XRP investors remained steady while SOL saw the largest rebound in demand.

For Bitcoin, the sustained inflows pushed its price higher to nearly $98k. However, the world’s largest digital asset soon lost 4% of its recent recovery gains. 

It slipped to $94k at the time of writing, ahead of the Fed rate decision on Wednesday. BTC and overall crypto demand this week will depend on how the market reacts to the Fed announcement. 

Crypto funds

Source: BTC/USDT, TradingView

On the price chart, Bitcoin seemed to be heading towards the $92k range low and support. Provided the price action stays above the previous range-low and key moving averages, bulls may still have a shot at $100k. 

On the contrary, a sustained dip below $92k and the moving averages would derail the $100k outlook.

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