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Market Mood Brightens 📉
Crypto investment products added assets to break a five-week streak of outflows amid encouraging macroeconomic signs that sent Bitcoin's price higher.
James Rubin
March 24, 2025
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📝 What you need to know
Investors plowed more than $644 million into crypto investment products last week, reversing a five-week trend amid improved macroeconomic conditions, including signs that U.S. President Donald Trump would scale back some tariffs.
Net inflows to Bitcoin exchange-traded funds led the shift followed by flows to Solana, Polygon, and Chainlink investment products, CoinShares Head of Research James Butterfill said Monday in a report. Meanwhile, total asserts under management for crypto investment products rose 6.3% from their lowest point on March 10, according to CoinShares.
In an announcement Monday, Strategy, formerly known as MicroStrategy, said that its holdings recently surpassed 500,000 BTC after its latest stock sales. The company, which pivoted its focus from software to become a Bitcoin treasury, paused a buying spree earlier this month.
Separately, Japanese bitcoin treasury Metaplanet Inc. disclosed that it had purchased 150 BTC to bring the company’s total to holdings to 3,350 Bitcoin.
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📊 MYRIAD Market of the Day
💬 Quote of the Day
““Every day last week recorded inflows… signaling a decisive shift in sentiment toward the asset class.”
