CoinShares reports decline in Bitcoin ETF inflows amid falling demand

On Monday, Strategy announced a $4.2 billion offering for its Series A Perpetual Stride Preferred Stock. This move marks a break in the company's three-month streak of Bitcoin accumulation. According to FXStreet, the proceeds will be used to purchase more BTC.

Strategy’s cautious approach reflects a broader cooling in market demand. According to a CoinShares report, Bitcoin-backed exchange-traded funds (ETFs) attracted $790 million last week. However, that figure falls short of the previous three-week average of $1.5 billion. The company notes that this could signal waning interest in BTC as the cryptocurrency nears its all-time high.

Nevertheless, Shawn Young of MEXC predicts a potential surge in Bitcoin demand ahead of Crypto Week. In his view, the event could set a new trend in digital asset policy.

Meanwhile, QCP Capital highlights strategic Bitcoin accumulation by firms like Metaplanet. The market outlook, however, is being clouded by the unexpected activity from eight previously dormant wallets that moved roughly $8.5 billion worth of BTC over the weekend.