2 billion dollars to crypto funds: 180 million distributed to 4 altcoins
Cryptocurrency funds were also positive for the third week in a row. Last week, there was an investment of 2 billion dollars in the funds. Bitcoin made up most of this amount, and about 180 million dollars entered the altcoin funds.
Crypto funds closed the third consecutive week in a plus by receiving a net investment of $2 billion last week. Thus, the total investment amount in the last three weeks reached 5.5 billion dollars, indicating a dramatic change in investor sentiment after a nine-week series of losses.
According to a weekly report by CoinShares, total net investments have risen to $5.6 billion since the beginning of the year, while recent price movements have moved total assets under the management of funds (AuM) to $156 billion, the highest level since mid-February.
As usual, Bitcoin was the cryptocurrency that received the largest investment, and Bitcoin funds were invested in $1.8 billion last week. On the other hand, 6.4 million dollars entered the 'short Bitcoin' funds towards the decline in Bitcoin. The investment amount received by these funds has thus reached the highest level since December 2024.
The situation in altcoins
Ethereum continued to remain strong in its second week, recording a total of 149 million dollars in revenues. Thanks to this, the total investments in the last two weeks reached 336 million dollars. Rival Solana, on the other hand, saw a more modest entry of 6 million dollars.
Other prominent assets include XRP and Tezos. These two assets drew attention with an investment of 10.5 million and 8.2 million dollars, respectively.