Crypto investment funds attracted $127 million last week, the highest one-week record since last December

Despite ongoing geopolitical conflicts and more volatile markets, investors are still showing cautious optimism about cryptocurrencies.

According to CoinShares data, crypto investment funds attracted cumulative inflows of $127 million in the week ended March 6, the highest single-week record since Dec. 12, 2021, better than the previous week's $36 million in inflows.

As in previous weeks, inflows into Bitcoin funds were the largest at $95 million, marking the seventh consecutive week of positive inflows. During the same period, inflows into ethereum funds were $25 million, the largest in nearly 13 weeks.

Year-to-date, bitcoin funds have recorded cumulative inflows of $166 million.

As of writing, Bitcoin is up 2% at $38,600 in 24 hours, while Ether is up about 1.2% at $2,550 in 24 hours.