From April 6 to 10, cryptocurrency investment products attracted $1.1 billion, marking the largest weekly inflow since January, according to a report by CoinShares.
Assets under management in crypto funds surpassed $144 billion, increasing by $13 billion over the week. Weekly trading volumes rose by 13%, but at $21 billion, they remain significantly below the annual average of $31 billion.
Analysts attributed the renewed risk appetite to news of a ceasefire in the Middle East and weak inflation data from the U.S.
However, over the weekend, signals of escalating conflict emerged. U.S. President Donald Trump announced a blockade of shipping in the Strait of Hormuz starting April 13. According to sources from the WSJ, he is also discussing the possibility of resuming strikes against Iran.
Regionally, positive sentiment was almost entirely concentrated in the U.S., which saw an inflow of $1.06 billion, accounting for 95% of the total.
Products in Germany attracted $34.6 million, while Canada and Switzerland saw inflows of $7.8 million and $6.9 million, respectively.
Bitcoin funds received $871 million, bringing the year-to-date inflow to $2 billion. Structures allowing short positions on cryptocurrencies gathered $16 million.
Ethereum products attracted $196.5 million, but they remain in the red for the year. XRP accounted for $19.3 million, while Solana lost $2.5 million.
For context, from March 30 to April 3, cryptocurrency investment products recorded an inflow of $224 million.