Crypto Funds See $3.4B Tsunami—Third-Largest Weekly Inflow Ever Recorded

Wall Street’s favorite casino is back in business. Digital asset investment products just racked up their third-biggest weekly haul—$3.4 billion flooding in as traders chase the next speculative high.

The numbers don’t lie: this marks the third-highest weekly inflow on record, proving once again that when crypto sneezes, money printers catch pneumonia. Institutional players are diving back in like it’s 2021—just don’t ask about risk management.

Behind the frenzy? Probably another ’this time it’s different’ narrative. But hey, at least the blockchain receipts are real—unlike some hedge fund balance sheets.

Bitcoin Leads Weekly Inflows; Ethereum Makes a Comeback

According to the latest edition of ‘Digital Asset Fund Flows Weekly Report,’ Bitcoin investment funds dominated last week’s activity as they attracted $3.18 billion in inflows and boosted total digital asset assets under management to $132 billion. Interestingly, this figure is the highest since late February.

Short-Bitcoin products also registered $1.6 million in inflows, indicating some investors had positioned for a potential drawdown in Bitcoin as its price climbed above $90,000.

Ethereum reversed its downtrend with $183 million in inflows after eight consecutive weeks of outflows. Solana, on the other hand, was the only altcoin to see investor pullback, with $5.7 million in outflows. This has pushed its monthly total into negative territory at $13.9 million. Other altcoins saw minimal action, with SUI and XRP standing out, drawing $20.7 million and $31.6 million, respectively, during the same period.

Multi-asset investment products also gained traction with $2.4 million in inflows. A similar sentiment was seen across Blockchain equities as investors also poured $17.4 million, with notable interest in exchange-traded funds (ETFs) tied to Bitcoin mining operations.

Global Sentiment Remains Positive

In terms of region, US investors led the charge in digital asset investments last week and contributed $3.3 billion in inflows. Positive sentiment extended globally, with Germany and Switzerland seeing notable inflows of $51.5 million and $41.4 million, respectively. Australia followed suit with $4.9 million, while Sweden attracted $4.2 million. Hong Kong recorded modest gains of $0.3 million.

However, not all regions saw growth – Canada and Brazil recorded a minor investor pullback, with outflows of $1.6 million and $0.6 million.