Three weeks of $1B+ crypto inflows — but the Fed could flip the script on Bitcoin's recovery.

Crypto investment products pulled in $1.2 billion last week, capping three consecutive weeks above $1 billion and a fourth straight positive week overall. CoinShares data shows Bitcoin claimed $933 million of that total, Ethereum added $192 million, and US-based demand accounted for $1.1 billion. Total assets under management reached $155 billion — the highest since February 1, though still well below the October 2025 peak of $263 billion.

The demand picture is broader than weekly fund flows alone. CME crypto average daily volume jumped from 191,000 to 310,000 contracts year-over-year in Q1, with open interest up 25% — capital staying in the market signals longer-horizon positioning. Strategy added another 3,273 BTC in the Apr. 20-26 window, bringing its total to 818,334 BTC at $61.8 billion aggregate cost. Blockchain equity ETFs absorbed $617 million over three weeks, and the…