Crypto investment funds last week, saw a significant rise in inflows, indicating that institutional investors were still interested in digital assets despite the market’s extraordinary volatility.
According to CoinShares data, digital asset investment products received $36 million in cumulative inflows for the week ending Sunday. New investments were heavily one-sided regionally, with $95 million inflows to the Americas and $59 million outflows to European investment products.
Inflows into Bitcoin (BTC) products increased by $17 million, bringing the total amount of inflows to $239 million for the fifth week in a row.
$4.2 million was invested in Ether (ETH) products. Most altcoin funds experienced outflows, with Solana (SOL) and Litecoin (LTC) funds seeing $2.6 million and $500,000 in outflows, respectively.
Institutional investors are re-accumulating after a period of significant volatility, as inflows into Bitcoin products have turned positive for 2022.
Even as tensions in Eastern Europe escalated last week, with Russia launching military operations in neighboring Ukraine, they continued to invest in BTC funds.
Volumes on crypto exchanges that trade in Russian Rubles have increased by 121 percent in the last week, according to CoinShares data.
Even as equities succumbed to fresh selling pressure, crypto markets appeared unaffected by geopolitical tensions on Monday.
According to Cointelegraph Markets Pro and TradingView, the Bitcoin price reached $41,476 on the day. Stocks, on the other hand, were down more than 1%.
The price of bitcoin is attempting to recover from a major downtrend that began in November. Cointelegraph Markets Pro is the source of this information.
Trading volumes have also increased significantly, according to Cointelegraph Markets Pro data, with BTC turnover 27 percent higher than average.
