Crypto Funds Attract $1 Billion After Prolonged Outflows

Crypto funds saw $1 billion inflows, breaking a five-week outflow streak.

Between February 23 and 27, crypto funds saw inflows of $1 billion. This positive trend broke a five-week streak of outflows that had cost the market $4 billion, noted CoinShares.

CoinShares analysts attributed the trend reversal to falling digital asset prices and the activity of large buyers. Currently, clients are seeking favorable market entry points rather than reducing positions.

Investors allocated the most funds to Bitcoin—$881 million. Products betting on the decline of the leading cryptocurrency also received $3.7 million.

Ethereum attracted $117 million, marking the coin’s best performance since mid-January.

Among altcoins, Solana remains the undisputed leader. Over the week, investments in the coin-based instruments amounted to $53.8 million, and since the beginning of the year—$156 million. Chainlink funds increased by $3.4 million. There are no significant outflows in the altcoin niche.

The majority of investments came from the United States—$957 million. Exchange-traded products in Canada, Germany, and Switzerland attracted $34.1 million, $31.7 million, and $28.4 million, respectively.

Earlier, from February 16 to 20, investors withdrew $288 million from cryptocurrency funds.