Crypto Funds Record Second Largest Inflow of the Year

Inflows into cryptocurrency investment products from February 24 to March 1 amounted to $1.83 billion, following $598 million in the previous reporting period, according to a report by CoinShares.

The positive trend continued for the fifth consecutive week. From February 10 to 16, inflows reached a record $2.45 billion.

Assets under management (AUM) rose to $82.56 billion. For comparison, the ATH is $86 billion.

Trading volume reached a historical high of $30 billion — 50% of the total figure for trusted centralized platforms.

Investors poured $1.73 billion into bitcoin-related instruments, following $569.5 million in the previous reporting period. Year-to-date inflows exceeded $7.33 billion.

Clients invested $22.2 million in structures allowing short positions on the leading cryptocurrency (compared to $3.9 million the previous week).

Ethereum funds attracted $84.7 million, the highest since mid-2022.

Positive dynamics were observed in other altcoins, except for Solana (-$11.9 million). Products based on XRP, Chainlink, and Litecoin recorded inflows of $2.5 million, $1.6 million, and $1.2 million, respectively.

Investors put $7.6 million into Polygon-based funds — 22% of AUM.

Earlier, experts at K33 Research saw the meme coin rally as a sign of an impending altseason.