Crypto Funds See Largest Inflows Since Mid-December

After two straight weeks of outflows, $193 million flowed into crypto funds in the seven days through March 25.

AccessTimeIconMar 28, 2022 at 6:20 p.m. UTC

Angelique is a market contributor at CoinDesk.

Fresh investment inflows into crypto funds reached their highest amount in three months last week, with European funds leading the momentum.

The jump, noted in a report Monday by CoinShares, marked a reversal of the recent trend that included two straight weeks of outflows.

The reversal came as the price of bitcoin (BTC), the largest cryptocurrency by market cap, rose 14% last week, its biggest weekly gain since last April.

Digital asset investment products saw $193 million in inflows in the seven days through March 25, said CoinShares. Inflows were led by European funds’ $147 million in inflows, with $45 million in inflows coming from American funds.

Among fund providers, CoinShares Physical led with an inflow of $91 million, while Purpose Bitcoin ETF had $16 million in outflows.

Solana-focused funds saw their largest single week of inflows at $87 million, making that kind of fund the fifth-largest investment product among crypto funds and the largest altcoin fund not focused Ethereum.

Meanwhile, $97.8 million flowed into bitcoin (BTC)-focused funds, $10.2 million went into Ethereum (ETH)-focused funds, and funds focusing on multi-assets had $5.5 million in outflows, which was unusual because multi-asset funds have been relatively popular; last week was only the second week this year when they had net outflows.

Cardano-focused funds saw inflows of $1.8 million, Polkadot-focused funds saw inflows of $1.2 million, and ATOM-focused funds saw inflows of $800,000.

Investment products focusing on blockchain-related stocks remained vibrant, accumulating $23 million of inflows last week, CoinShares said.

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Angelique is a market contributor at CoinDesk.

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Angelique is a market contributor at CoinDesk.

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