From April 19 to 25, net inflows into cryptocurrency investment funds reached $3.4 billion, marking the third-largest figure in history. This is according to a report by CoinShares.
This week also saw the largest inflows since December 2024. In the previous reporting period, the trend broke a negative streak, adding a relatively modest $6 million.
The total assets under management in crypto funds reached $132 billion.
The main beneficiaries of the inflows were investment products based on digital gold, which attracted $3.18 billion.
“[…] concerns about the impact of tariffs on corporate earnings and the sharp weakening of the US dollar are reasons for investors turning to crypto assets, which are seen as a new safe haven,” noted CoinShares.
Investors poured $183 million into Ethereum-based instruments, added $31.6 million to XRP, and $20.7 million to Sui.
The only asset to show outflows was Solana, with clients withdrawing $5.7 million from related funds.
In the segment of US spot BTC ETFs, a weekly inflow of $3.06 billion was recorded.
Earlier, the author of “The Bitcoin Standard,” Saifedean Ammous, dismissed the negative impact of institutional investors on Bitcoin.