Crypto Investment Fund Attracts $36M Despite Market Volatility

Last week saw a sharp increase in inflows into cryptocurrency investment funds, showing that institutional investors are still gaining exposure to digital assets amid extreme market volatility.

Data from CoinShares showed that digital asset investment products accumulated a cumulative inflow of $36 million in the week to last Sunday. From a regional perspective, new investment is seriously one-sided, with an inflow of $95 million in the Americas and an outflow of $59 million in European investment products.

Inflows into bitcoin products rose by $17 million, the fifth straight week of inflows. Ethereum products saw a small inflow of $4.2 million. Investors reduced their holdings of most altcoin products, with outflows from Solana (SOL) and Litecoin (LTC) funds of $2.6 million and $500,000, respectively.

Inflows into bitcoin products have turned positive in 2022, suggesting that institutional investors are re-accumulating after a period of high volatility. They continued to buy into BTC funds last week, even as tensions in Eastern Europe escalated with Russia’s military campaign in neighboring Ukraine. Data from CoinShares shows that the volume of cryptocurrency exchanges that trade in Russian rubles has surged 121% in the past week.

On Monday, the crypto market appeared to be immune to geopolitical tensions, even as stocks came under renewed selling pressure. According to data from Cointelegraph Markets Pro and TradingView, the price of bitcoin was as high as $41,476 on the day.

Data from Cointelegraph Markets Pro also shows that Bitcoin trading volumes have risen sharply, 27% above the average.