Ethereum investment funds record largest inflows in 13 weeks

Cryptographic investment products attracted a large influx in the Americas last week, in contrast to the minor outflows recorded in Europe, according to the latest report. report According to institutional crypto fund manager CoinShares.

A report analyzing the weekly flow to crypto funds suggests that investor interest will continue despite the geopolitical instability that has spurred the sale of risky assets.

Bitcoin raises $ 95 million and records inflows for 7 consecutive weeks

According to CoinShares, inflows into crypto funds last week recorded an increase compared to the last three months-a total of $ 127 million.

As in the previous week, the inflow was regionally one-sided. The report noted that the positive sentiment was “mainly in North America,” raising $ 151 million from investors and the European crypto fund recording a total outflow of $ 24 million in miners.

Bitcoin investment products have raised $ 95 million, marking the seventh straight week of inflows, according to CoinShares data.

These quantities represent “the largest weekly inflow since early December 2021”.

Ethereum records the largest inflow in 13 weeks

Meanwhile, Ethereum’s investment products recorded a total inflow of $ 25 million during the week ending March 4.

This is Ethereum’s largest inflow in 13 weeks, “following a series of negative sentiments from the mix since early December,” said institutional crypto fund managers.

That said, the flow of altcoin investment products last week was mixed. Expanding individual asset funds revealed that Solana, Polkadot, and BNB all recorded $ 1.7 million, $ 900,000, and $ 400,000 outflows, respectively.

However, Cardano, Litecoin, and XRP investment products attracted investors, with a total inflow of $ 900,000, $ 400,000, and $ 400,000, respectively.

Multi-asset investment funds continue to be popular, according to the report, with a total inflow of $ 8.6 million last week.

“Multi-asset has the highest inflows on a relative basis since the beginning of the year, totaling $ 104 million, or 3.6% of assets under management (AuM),” CoinShares concludes.

Finally, blockchain stocks have collected a total inflow of $ 7.7 million.