CoinShares’ latest report on digital asset fund flows has revealed that crypto investment products saw the largest weekly inflows since July 2022, with $160 million coming in. The report suggests that this growth is due to traditional finance concerns driving investors to view the crypto sector as a “safe haven”. Bitcoin products were the most popular among investors, receiving $128 million due to their perceived safety.
Meanwhile, Ether products experienced outflows of $5.2 million over three consecutive weeks, attributed to investor anxiety over the upcoming Shanghai upgrade on April 12. Various altcoins saw inflows, including Solana, Polygon, and XRP products. The report also notes that the banking crisis has caused investors to rotate their portfolios, sending over $286 billion into US money market funds so far in March.