Key Notes
- Digital asset investment products have seen $1B+ inflows for 12 consecutive weeks, totaling $18B.
- Ethereum (ETH) inflows now average 1.6% of AuM weekly, outperforming Bitcoin’s 0.8%.
- The US dominates crypto inflows, while Canada and Brazil show bearish divergence.
For the twelfth straight week, digital asset investment products have recorded inflows topping $1 billion, continuing a remarkable streak of investor confidence in the crypto market.
Last week alone, $1.04 billion poured into digital assets, driven primarily by US investors, according to the latest CoinShares report .
The cumulative inflow over this streak now totals a staggering $18 billion, pushing total assets under management (AuM) to a record $188 billion.
Geographically, the United States remains the engine of crypto capital, contributing $1 billion in inflows last week alone.
Germany ($38.5 million) and Switzerland ($33.7 million) showed moderate bullishness, while Canada (-$29.3 million) and Brazil (-$9.7 million) saw outflows.
Ethereum Outpaces Bitcoin
While Bitcoin BTC $108 625 24h volatility: 0.5% Market cap: $2.16 T Vol. 24h: $21.22 B continues to dominate in absolute numbers, with $790 million in inflows this week alone, Ethereum ETH $2 563 24h volatility: 1.9% Market cap: $309.42 B Vol. 24h: $13.78 B is quietly outperforming it in terms of relative growth.
Over the past 11 weeks, Ethereum’s average weekly inflow has been 1.6% of its AuM, double that of Bitcoin’s 0.8%. Last week, Ethereum added $226 million, marking its eleventh consecutive week of positive flows.
Flows by Crypto Asset | Source: CoinShares
While Bitcoin’s inflows have slowed from the $1.5 billion weekly average seen in the previous three weeks, perhaps due to its price hovering near all-time highs, ETH appears to be gaining favor among institutional and retail investors alike.
Macro Outlook: TOTAL3 Analysis
The Total Crypto Market Cap excluding Bitcoin and Ethereum (TOTAL3) weekly chart paints a cautiously optimistic picture. At the time of writing, TOTAL3 is hovering near $845 billion, above key support zones.
The Relative Strength Index (RSI) sits around 50.7, signaling a neutral stance after bouncing from sub-40 levels in recent weeks.
Meanwhile, the MACD histogram shows a negative reading, but the gap between the MACD line and the signal line is narrowing, often seen just before a potential bullish crossover, which would confirm a reversal of recent downside pressure.
TOTAL3 Weekly Chart with RSI, MACD | Source: TradingView
A key Fibonacci retracement from the swing high near $958 billion down to the recent swing low around $660 billion in the chart above reveals a critical resistance level at 0.236 Fib ($880 billion).
Meanwhile, the 0.382 Fib around $825 billion has held as short-term support while the 0.618 Fib near $922 billion acts as the next major upside target. If bulls can reclaim the 0.236 level, the next target is at 0.618 ($922 billion) and possibly even a retest of $958 billion is likely.
However, a breakdown below $825 billion could push the market toward the 0.786 Fib ($793 billion), with deeper support at the 1.0 Fib retracement ($660 billion).
The TOTAL3 chart confirms consolidation among altcoins rather than collapse. If Ethereum and other altcoins continue to show strength relative to BTC, we may witness a classic altseason rotation in the coming weeks.
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