Crypto funds draw $1.4B in third straight week of inflows, strongest since January

Digital asset investment products pulled in $1.4 billion last week, their strongest weekly haul since January and the third consecutive week of positive flows, according to CoinShares’ new report.

The result was driven by recovering risk sentiment tied to US-Iran ceasefire extension talks and Bitcoin’s mid-week move above $76,000, its highest level since February, the report notes.

Total assets under management reached $155 billion, with weekly flows representing 0.91% of AUM, the highest weekly intensity recorded year-to-date.

March CPI data, which came in at 3.3% year-on-year with a benign core reading of 2.6%, appeared to have little dampening effect on investor appetite.

Bitcoin and Ethereum led inflows, as altcoins diverged

Bitcoin drew $1.116 billion in inflows, lifting year-to-date totals to $3.1 billion, as its break above $76,000 marked a meaningful technical development following two months of range-bound trading.

Short-Bitcoin products saw just $1.4 million in inflows, indicating limited but residual hedging demand.

Ethereum attracted $328 million, its best weekly performance since January, bringing year-to-date flows to $197 million.

XRP and Solana recorded outflows of $56 million and $2.3 million, respectively, even as Bitcoin and Ethereum surged.

Regional flows show mixed signals

The regional breakdown is uneven. The US dominated with $1.5 billion in inflows and Germany chipped in $28 million, but Switzerland saw $138 million in outflows, the largest Swiss exit since November.

Market updates

Bitcoin traded at $75,249 at press time, up about 6% over the past seven days, while Ethereum gained more than 5% over the same period to top $2,300, per CoinGecko. Total crypto market capitalization stood at $2.6 trillion.