From March 2 to 6, inflows into cryptocurrency investment products totaled $619 million, according to a report by analysts at CoinShares.
The weekly inflow dynamics were uneven. In the first three days, investors poured in $1.44 billion. However, on March 5 and 6, sentiment soured, leading to an outflow of $829 million.
Analysts attributed this shift to macroeconomic volatility. Rising oil prices overshadowed the positive impact of weak U.S. labor market data, and expectations for declining inflation were not met.
Almost all of the inflow came from institutional investors in the U.S., who invested $646 million. Investors from Europe, Asia, and Canada were more cautious, with outflows of $23.8 million, $2.2 million, and $3.6 million, respectively.
Weekly capital distribution by region. Source: CoinShares.
As usual, Bitcoin attracted the most interest, with inflows into Bitcoin-based products reaching $521 million. Additionally, $11.4 million was invested in products allowing short positions on the digital gold, indicating polarizing opinions among investors.
Weekly capital distribution by asset. Source: CoinShares.
Among altcoins, Ethereum led with $88.5 million, followed by Solana at $14.6 million. Funds based on Uniswap and Chainlink attracted $1.4 million each.
XRP was the only major asset with negative dynamics, with investors pulling out $30.3 million from related products.
Recall that from February 23 to 27, inflows into crypto funds totaled $1 billion.