Despite market turmoil, cryptocurrency funds saw net inflows of $36 million last week

Last week, the cryptocurrency market experienced turmoil due to the escalating geopolitical situation, but still funds continued to flow in.

According to CoinShares data, cryptocurrency funds recorded cumulative net inflows of $36 million for the week ended Feb. 27. Of these, inflows into bitcoin funds increased by $17 million, the fifth consecutive week of inflows, while inflows into ethereum funds stood at $4.2 million.