Ethereum investment funds record largest inflows in 13 weeks

Crypto investment products attracted large inflows in the Americas last week, versus minor outflows recorded in Europe, according to the latest report by institutional crypto fund manager CoinShares.

The report which analyzes weekly flows into cryptocurrency funds suggests enduring investor interest despite the geopolitical unrest which spurred a sell-off in risk assets. 

Bitcoin attracts $95 million, marks seven consecutive weeks of inflows

According to CoinShares, last week’s investment inflows into crypto funds recorded an uptick compared to the previous three months–totaling $127 million.

Consistent with the previous week, inflows have been regionally one-sided. The report pointed out that the positive sentiment was “centered in North America,” attracting $151 million from investors, while European crypto funds recorded miner outflows totaling $24 million.

As per CoinShares’ data, Bitcoin investment products attracted $95 million and recorded the seventh consecutive week of inflows.

These volumes represent the “largest single weekly inflow since early December 2021,” the report noted. 

Ethereum records largest inflows in 13 weeks

Meanwhile, Ethereum investment products recorded inflows totaling $25 million in the week ended March 4.

This was Ethereum’s largest inflow volume in 13 weeks, “and follows a run of mixed to negative sentiment since early December,” the institutional crypto fund manager noted.

That said, altcoin investment products flows were mixed last week. Zooming into individual asset funds revealed that Solana, Polkadot, and BNB all recorded outflows–$1.7 million, $0.9 million, and $0.4 million respectively. 

However, Cardano, Litecoin, and XRP investment products attracted investors and saw inflows totalling $0.9 million, $0.4 million, and $0.4 million respectively. 

According to the report, multi-asset investment funds remained popular and continued to record inflows which totaled $8.6 million last week.

“Multi-asset, on a relative basis, has seen the most inflows year-to-date, totaling $104 million, representing 3.6% of assets under management (AuM),” CoinShares concluded.

Finally, blockchain equities attracted inflows totaling $7.7 million.

The post Ethereum investment funds record largest inflows in 13 weeks appeared first on CryptoSlate.