According to the source, institutional crypto funds recorded a record $5.95B of net inflows last week, the largest on record, according to CoinShares’ Digital Asset Fund Flows report. BlackRock’s iShares Bitcoin Trust (IBIT) is nearing $100B in assets under management, indicating sustained ETF-driven demand for BTC, according to Eric Balchunas of Bloomberg Intelligence. Bitcoin supply held on exchanges has fallen to a six-year low, a metric Glassnode tracks that traders often interpret as tighter liquid supply. Coinbase CEO Brian Armstrong stated he is feeling bullish on US crypto regulation and that clear rules are on the way, according to Brian Armstrong on X. Binance founder Changpeng Zhao’s net worth reached $87.3B and ranked 21st globally, according to Forbes’ Real-Time Billionaires list.

According to the source, CoinShares’ latest Digital Asset Fund Flows report indicates investors withdrew over $1.1 billion combined from Bitcoin (BTC) and Ethereum (ETH) ETPs last week, while Solana (SOL) and XRP products recorded net inflows (source: CoinShares Digital Asset Fund Flows). According to the source, this divergence in flows signals a rotation within listed crypto products toward SOL and XRP over the period measured by CoinShares (source: CoinShares Digital Asset Fund Flows). According to the source, traders tracking relative strength may monitor SOL/BTC, SOL/ETH, and XRP/BTC pairs alongside subsequent ETP creations and redemptions to confirm whether the CoinShares-identified rotation persists (source: CoinShares Digital Asset Fund Flows).