From March 9 to 13, inflows into cryptocurrency investment products totaled $1.06 billion. This positive trend has continued for the third consecutive week, reported CoinShares analysts.
The total assets under management increased by 9.4%, reaching $140 billion. Experts noted that amid market instability, investors continue to view digital assets, particularly Bitcoin, as a safe haven.
The majority of the inflow (96%) came from U.S. investors. Hong Kong, Canada, and Switzerland accounted for $23.1 million, $19.4 million, and $10.4 million, respectively.
In Germany, a weekly outflow of $17.1 million was recorded for the first time this year.
Investment products based on the first cryptocurrency attracted $793 million. Over three weeks, this figure reached $2.2 billion, partially offsetting a previous five-week outflow of $3 billion. Structures allowing short positions on Bitcoin gathered $8.1 million.
Funds based on Ethereum received $315 million. On March 12, trading began on Nasdaq for a yield-generating ETF based on the second-largest cryptocurrency from BlackRock. The iShares Staked Ethereum Trust (ETHB) has already attracted $45.65 million.
Investment products based on XRP have seen outflows for the second consecutive week, totaling $76 million.
Recall that from March 2 to 6, inflows into cryptocurrency investment products amounted to $619 million.