During the week from April 12 to April 17, which ended with a drop in BTC to $ 52,000, interest in investing in products related to crypto-assets grew – $ 233 million were invested in them.
According to a report by digital asset management company CoinShares, cash inflows into digital asset investment products nearly tripled last week to $ 233 million. From the previous week, investment inflows increased by $ 150 million, the largest amount since the beginning of March.
The rise could be attributed to a rally in BTC above $ 64,000, which ended with a drop to $ 52,000 over the weekend amid shutdown of Chinese miners and regulatory concerns.
“Investment inflows this week have been unusually spread across a diverse set of digital assets,” reports CoinShares.
BTC and ETH-related products accounted for the largest investment inflows of $ 108 million and $ 65 million, respectively. CoinShares notes:
“Over the week, $ 33 million was invested in XRP-related products, which almost doubled the asset under management to $ 83 million. Trading in products for investing in digital assets increased significantly over the week – by 59% compared to the previous week, and is similar to the level early February 2021 “.
Recall that a month ago CoinShares reported that institutional investors have significantly reduced their investments in cryptocurrency – to $ 99 million.
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