Share this article
Crypto-Fund Inflows Tripled Last Week to Highest in Almost Three Months
A net $127 million went into digital-asset funds during the week ended March 4, with minor outflows in Europe and large inflows in the Americas.
Updated May 11, 2023, 5:02 p.m. Published Mar 7, 2022, 5:29 p.m.
Make us preferred on Google
Fresh investment inflows into crypto funds jumped threefold last week to the highest in almost three months, despite outflows from European products.
Digital-asset investment funds attracted $127 million of new money during the week through March 4, a report Monday from the digital-asset manager CoinShares showed. The regional breakdown comprised $151 million of inflows in the Americas and outflows of $24 million in Europe.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Last week's inflows came as the bitcoin market appeared to stabilize, after a few weeks of turbulence sparked by Russia's invasion of Ukraine.
"Investors remain supportive of digital assets despite the recent geopolitical events," CoinShares wrote in the report.
The bitcoin (BTC) price spiked to as high as $44,767 last week after reaching a monthly low of $34,652 on Feb. 24. The price was around $39,500 at press time.
Ether (ETH), Ethereum blockchain’s native cryptocurrency, went as high as $3,015 on March 1, but is now down to $2,614.
Bitcoin funds saw inflows of $95 million last week, the most since early December. Ether funds saw minor inflows of $25 million, the most in 13 weeks, and potentially a sign of a changing mood after the negative sentiment that prevailed over the past few months, according to CoinShares.
Multi-asset investment funds saw inflows of $8.6 million last week.
Altcoin funds were mixed. Solana-focused funds lost $1.7 million, and Polkadot-focused funds lost about $900,000. Cardano funds pulled in about $900,000, while funds focused on Litecoin and XRP saw inflows too.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
U.S. listed bitcoin, ether ETFs bleed nearly $1 billion in a day
U.S.-listed spot bitcoin and ether ETFs saw one of their worst combined outflow days of 2026 as falling prices, rising volatility and macro uncertainty pushed investors to cut exposure.
What to know:
- U.S.-listed spot bitcoin and ether ETFs saw nearly $1 billion in outflows in a single session, as crypto prices tumbled and risk appetite faded.
- Bitcoin dropped below $85,000 and briefly neared $81,000, while ether fell more than 7%, prompting heavy redemptions from major ETFs run by BlackRock, Fidelity and Grayscale.
- Analysts say the synchronized ETF selling reflects institutions cutting overall crypto exposure amid rising volatility, hawkish Federal Reserve expectations and forced unwinding of leveraged positions, though some see the move as a leverage shakeout rather than the start of a bear market.
