Crypto investment products reversed 5-week outflow streak, with $ 644 million in assets

Cryptocurrency investment products registered $ 644 million in inflow last week, a reversal after five consecutive weeks of the shedding of assets.

Inflow to Bitcoin exchange-bound funds largely led the shift, followed by streams to Solana, Polygon and Chainlink Investment Products, said Coinshares Main research James Butterfill Monday in a report. In the meantime, the total assets in control for crypto investment products increased by 6.3% compared to their low point on 10 March, according to the data from Coinshares.

“Every day last week the inflow registered … which indicates a decisive shift in sentiment to the activa class,” said Butterfill in the report.

Cryptocurrency funds have registered enormous outlets in recent weeks, because geopolitical and economic uncertainties are driving investors Away from risk-on-assets. In the US, Bitcoin ETFs logged from the outskirts of a total of $ 5.4 billion for a period of five weeks ending on March 21 – the longest series of weekly outsourcing for the funds, because they achieved approval to launch in January 2024.

The sentiment of investors, however, rose last week when the Federal Reserve chairman Jerome Powell Jittery Markets calmed after the US central bank kept interest rates unchanged. The cautious optimism of investors has led the inflow for investment products for digital assets.

Bitcoin ETFs attracted $ 724 million last week and largely stimulated the recovery, according to the coinshares report. Solana -based investment products brought in $ 6.4 million in inflow, while Polygon and Chainlink marginal inflow of $ 400,000 and $ 200,000 respectively registered, the data shows.

Conversely, Ethereum saw the heaviest loss of investments last week and registered $ 86 million. Altcoins such as Sui Polkadot, Tron and Algorand also saw outputs of funds in the same period.

The majority of the currents came from the US, where $ 632 million flowed in investment vehicles of digital assets. Investors in Switzerland, Germany and Hong Kong also gutters in cryptocurrencies, with $ 15.9 million, $ 13.9 million and $ 1. 2 million for the products respectively.

Published by James Rubin