A report released by crypto asset management firm CoinShares shows that institutional crypto funds have seen their biggest capital inflows since December 2021, with over US$193 million pouring into the funds during the week ending March 25.
This new wave of interest in crypto investment products follows two weeks of outflows from crypto funds and coincides with a 15 percent increase in Bitcoin’s price over the past week.
European Funds, Bitcoin Lead the Way
Of the total inflows, European-based funds saw US$147 million, or around 76 percent, while a relatively paltry US$45 million went into US-based funds.
Bitcoin-focused funds were by far the most popular investment product, seeing US$97.8 in inflows, bringing total inflows since the start of 2022 to US$162 million.
Solana Funds Had Their Best Week, Most Altcoins Did Well
This was the single best week ever for Solana funds, with over US$87 million pouring in – representing 36 percent of assets under management, which now stand at a total of US$241 million. This makes Solana the fifth-largest investment product and the second-largest altcoin behind Ethereum.
Ethereum-focused funds were the second most popular altcoin, with US$10.2 million in inflows; Cardano-focused funds saw US$1.8 million; Polkadot-focused US$1.2 million, and ATOM-focused funds saw around US$800,000.
Multi-asset funds bucked the trend and recorded US$5.5 million in outflows, which was a surprise since they’ve been relatively popular recently – this being only the second week this year they’ve seen net outflows.
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