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