From February 23 to 27, inflows into crypto funds totaled $1 billion. This positive trend ended a five-week streak of outflows that had caused the market to lose $4 billion, according to CoinShares.
Analysts at CoinShares attributed the change in trend to declining prices of digital assets and the activity of large buyers. Currently, clients are looking for favorable entry points into the market rather than reducing their positions.
The majority of funds were invested in Bitcoin, amounting to $881 million. Products betting against the leading cryptocurrency also received $3.7 million.
Ethereum attracted $117 million, marking its best performance since mid-January.
Among altcoins, Solana remains the clear leader. Over the week, investments in instruments based on the token reached $53.8 million, totaling $156 million since the beginning of the year. Chainlink funds saw an increase of $3.4 million. There were no significant outflows in the altcoin sector.
The bulk of investments came from the U.S., totaling $957 million. Exchange-traded products in Canada, Germany, and Switzerland attracted $34.1 million, $31.7 million, and $28.4 million, respectively.
Recall that from February 16 to 20, investors withdrew $288 million from cryptocurrency funds.