Cryptocurrencies pull $1.06B in third-week gain as Bitcoin leads demand
Crypto investment products recorded $1.06 billion in inflows last week, as geopolitical pressure coupled with tensions in the Middle East continued to weigh on broader financial markets.
Summary
- Crypto investment products recorded $1.06 billion in revenue last week, extending a three-week positive flow despite the country’s tensions in the Middle East.
- Bitcoin led with $793 million in inflows, while Ethereum attracted $315 million.
- US spot Bitcoin ETFs posted their first five-day inflow of 2026.
According to a CoinShares report published on Monday, the reaction of crypto investors to the conflicts in the Middle East appears to be moderate, as digital asset investment products have now recorded a three-week positive flow.
In total, the past three weeks have brought in $2.7 billion in revenue, pushing net inflows to nearly $1.2 billion for the year to date. Meanwhile, the total assets under management of digital asset ETPs also increased by 9.4% to about $140 billion, according to CoinShares head of research James Butterfill.
With the latest inflows, Bitcoin ETPs have pushed year-to-date gains to $933 million, while Ethereum funds still appear to be in the red by nearly $23 million year-to-date, despite inflows of $315 million last week.
Butterfill noted that the latest data highlights “Bitcoin’s resilience during a time of global stress” and reinforces its role as a “relative safe haven.”
XRP experienced the most outflows among the major assets, totaling $76 million, while Solana recorded $9.1 million.
Short Bitcoin products also recorded an inflow of $8.1 million, suggesting that investors’ stance remains “opposite.”
Most of the inflows came from the United States, where Bitcoin ETFs recorded their first five-day high of 2026 last week, attracting $767.3 million.
Therefore, it appears that institutional investors primarily favor Bitcoin over high beta altcoins in times of uncertainty.
Separate data tracking for US spot crypto ETFs also indicated similar trends. Spot Bitcoin funds recorded $767 million in net inflows, while Ethereum ETFs received $161 million.
Currently, the price of Bitcoin has risen above the $73,000 threshold after recovering from a local decline near $60,000 earlier this month.
This renewed support from institutional investors, along with the resurgence of risk sentiment following the initial shock of the Middle East conflict as investors circled back into crypto markets while oil prices rose, seems to be supporting the recent rally.
Analysts suggest that the trend is being strengthened by the digital gold narrative, as traditional equity and commodity markets continue to face volatility associated with tensions in the Middle East.
Looking ahead, the market is closely monitoring the $74,000 to $74,500 range, which currently serves as a critical resistance area. A decisive close above this level could set Bitcoin rally higher.
Meanwhile, on the downside, maintaining the $70,000 to $71,500 support region is still important to maintain the current bullish formation and prevent a retracement to the previous monthly decline.
