Cryptocurrency investment products saw record inflows of $1.1 billion last week, driven by positive market sentiment despite rising geopolitical tensions.
Between April 6 and April 10, cryptocurrency investment products saw inflows of $1.1 billion, marking the highest weekly inflow since January, as reported by CoinShares.
The total assets managed by crypto funds exceeded $144 billion, with a weekly increase of $13 billion. While weekly trading volumes rose by 13%, they remained below the annual average, sitting at $21 billion.
Analysts have linked this resurgence in investment interest to a ceasefire in the Middle East and disappointing inflation figures from the U.S.
However, tensions escalated over the weekend, with U.S. President Donald Trump announcing a blockade on shipping in the Strait of Hormuz effective April 13, and discussions regarding potential military action against Iran.
Regionally, the U.S. dominated the inflow statistics, contributing $1.06 billion, which represents 95% of the total. Germany followed with $34.6 million, while Canada and Switzerland attracted $7.8 million and $6.9 million, respectively.
Bitcoin-focused funds received $871 million, pushing the year-to-date total for Bitcoin inflows to $2 billion. Short-position funds garnered $16 million. On the Ethereum front, products attracted $196.5 million but are still in negative territory for the year. XRP saw $19.3 million in inflows, whereas Solana experienced a decline of $2.5 million.
For reference, the previous week from March 30 to April 3, crypto investment products had a significantly lower inflow of $224 million.
