The latest market analysis confirmed that crypto investment funds recorded a sizable increase in inflows over the past week, signaling that institutional investors continued to re-accumulate digital assets despite extreme volatility in the crypto market.
Data acquired from CoinShares confirms that digital assets investments products registered $36 million in cumulative inflows for the past week ending Sunday. Regionally, the Americas region dominated the adoption with $95 million worth of inflows while the European investment products recorded $59 million outflows.
Bitcoin (BTC) adoption increased by $17 million, mapping the fifth consecutive week of inflows to $239 million. Ethereum products saw relatively minor inflows at $4.2 million. On the other hand, investors significantly reduced their capital in most altcoins, with Solana (SOL) and Litecoin (LTC) funds recording $2.6 million and $500,000 in outflows, respectively.
Notably, capital gains into Bitcoin products have increased since the beginning of this year, a notable sign that institutional investors are slowly re-accumulating even during the current period of intense volatility.
Buy Bitcoin NowFurthermore, investors continued to seed into Bitcoin funds last week despite tensions in Europe over the Russian invasion of neighboring Ukraine. Data from CoinShares suggests that capital volume on crypto exchanges, that trade in Russian Rubles, soared 121% over the past week.
Interestingly, the crypto market has once more confirmed strong resilience against geopolitics even as equities succumbed to selling pressure.
Currently, the flagship crypto is exchanging hands at over $43,800, according to CoinGecko, representing an increase of 14% in the past 24 hours. On the other hand, the second-seeded digital asset Ethereum is also up 14.2% in the past 24 hours at writing, trading at over $2,900.
