From April 13 to 17, cryptocurrency-based investment products attracted $1.4 billion, marking the best performance since January and the third consecutive week of growth, according to a report by CoinShares.
The total assets under management reached $155 billion.
The main driver of this growth was Bitcoin, which hit $78,000. Investor sentiment improved amid news of international negotiations. U.S. inflation data for March was reported at 3.3%, but the market largely ignored this, focusing instead on the core index of 2.6%.
As usual, the largest inflow was into Bitcoin, totaling $1.116 billion. Year-to-date investments in the asset have reached $3.1 billion. The breakthrough above $76,000 served as an important technical signal after two months of stagnation. Only $1.4 million flowed into instruments betting on a decline in Bitcoin's price.
Ethereum also showed positive momentum, with an inflow of $328 million, the best result of the year so far. Other altcoins experienced outflows: Solana lost $2.3 million, while XRP saw a decline of $56 million.
Regionally, the U.S. dominated with an inflow of $1.5 billion. Germany recorded a gain of $28 million. Switzerland was an exception, with investors withdrawing $138 million, marking the largest outflow since November of last year.
As a reminder, from April 6 to 10, cryptocurrency-based investment products attracted $1.1 billion, the largest weekly inflow since January.