Sharp growth in the inflow of money into digital currency funds; Most purchases since the beginning of 2022
After two consecutive weeks of cash outflows, investment funds in digital currencies have finally seen inflows, recording more than $ 190 million in capital inflows in just seven days. The sharp increase in inflows can be a sign of continued market growth and improve investor sentiment.
To Report Kevin Desk, capital inflows into digital currency mutual funds reached a three-month high last week, with European funds leading the way.
The jump, also mentioned by CoinShares in its report yesterday, indicates a reversal of the trend of the last two consecutive weeks in which capital outflows were recorded.
The change came as the price of Bitcoin, the world’s largest digital currency in terms of market value, rose 14 percent, its biggest weekly increase since April last year.
Kevin Shears said digital asset investment products had $ 193 million in inflows in the week ending Friday, March 25th. European funds led the way with $ 147 million in inflows, followed by US funds with $ 45 million in inflows.
Among the providers of digital currency investment products, CoinShares Physical led the way with $ 91 million in inflows this week, while data showed $ 16 million in outflows from the Perpos Bitcoin (ETF) fund. Bitcoin) have.
Solana-centric funds also had the largest weekly inflows of $ 87 million, making them the fifth largest investment product among digital currency funds and the largest non-atrium altcoin fund.
Meanwhile, $ 97.8 million went to bitcoin-centric funds and $ 10.2 million to Atrium special funds, while multicurrency funds outflowed $ 5.5 million. This output current is a bit abnormal; Because multi-asset-focused funds have been relatively popular so far. Last week was the second week in 2022 that these funds, consisting of several different tokens, had an outflow.
Cardano, Polkadat and Kazmas (ATOM) -funded funds also experienced cash inflows of $ 1.8 million, $ 1.2 million and $ 800,000, respectively.
Kevin Shears said investment products focused on shares of Chinese blockchain technology companies also remained volatile, recording $ 23 million in inflows last week.