Crypto Funds Attract $1.4 Billion in a Week

Crypto funds attracted $1.4 billion in a week, marking the best result since January.

Between April 13 and 17, cryptocurrency-based investment products attracted $1.4 billion. This marks the best result since January and the third consecutive week of growth, according to a report by CoinShares.

The total assets under management reached $155 billion.

The growth was driven by Bitcoin, whose price reached $78,000. Investor sentiment improved amid news of international negotiations. U.S. inflation data for March stood at 3.3%, but the market ignored this, focusing instead on the core index at 2.6%.

The largest inflow was traditionally into the leading cryptocurrency — $1.116 billion. Since the beginning of the year, investments in the asset have totaled $3.1 billion. Breaking the $76,000 level was an important technical signal after two months of stagnation. Instruments betting on a Bitcoin price decline received only $1.4 million.

Ethereum also showed positive dynamics: an inflow of $328 million was the best result since the start of the year. Other altcoins experienced outflows: Solana lost $2.3 million, while XRP saw an outflow of $56 million.

Regionally, the United States dominated with an inflow of $1.5 billion. Germany recorded a gain of $28 million. Switzerland was an exception, with investors withdrawing $138 million — the largest outflow since November last year.

Earlier in April, from the 6th to the 10th, cryptocurrency-based investment products attracted $1.1 billion, marking the largest weekly inflow since January.