Crypto investment funds gained $1.35 billion in the past week, bringing AUM to $97.6 billion amid market optimism.
Crypto investment funds have received $1.35 billion in inflows in the last seven days, bringing the total in the last 21 days to $3.2 billion.
The majority of sectors saw growth during the same period, as sentiments continued to rise following an upturn of macroeconomic factors.
The market is preparing for the listing of spot Ethereum ETFs, and investors are focusing on sustained inflows.
Crypto Investment Funds Recorded Upticks
As the market sentiment increases, digital asset products have experienced substantial inflows.
A recent report from CoinShares indicates that crypto investment funds have experienced a $1.35 billion increase.
This figure brings three weeks of consecutive gains to $3.2 billion.
In the past seven days, the market leader Bitcoin (BTC) saw $1.27 billion in inflows, while short Bitcoin experienced $1.9 million in outflows, bringing the total to $44 million since March.
In summary, this suggests that sentiments have improved since the asset’s halving.
However, blockchain equities witnessed exits, in contrast to tokens, which reported $8.5 million figures last week.
Despite this, trading volumes increased by 45% from the previous week, indicating high market activity, while volumes in the cryptocurrency market decreased by 22%.
The United States had the most moves, with $1.3 billion coming in, followed by Canada with $7.8 million.
“Regionally the picture was more mixed relative to last week, with the US and Switzerland seeing significant inflows of US$1.3bn and US$66m respectively, while Brazil and Hong Kong saw minor outflows totaling US$5.2m and US$1.9m respectively.”
Altcoin Products Rebound
The increase in crypto investment funds spread beyond Bitcoin to cryptocurrencies, as the digital asset experienced positive fluctuations.
Ethereum (ETH) experienced $45.3 million inflows which brought the monthly total to $128 million.
This development is a result of the growing optimism regarding spot Ethereum ETFs in the United States.
Multi-asset generated $16.7 million in flows, with Solana (SOL) and Ripple (XRP) gaining $9.6 million and $0.5 million, respectively.
These inflows raised the AUM of crypto investment funds to $97.6 billion as bulls point to an uphill climb.