Inflows into crypto funds reached $1.9 billion over the week.

Despite the turbulence in global markets due to the confrontation between Iran and Israel, cryptocurrency investment products managed by companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares recorded an inflow of $1.9 billion. This is reported in the CoinShares report.

“Despite the geopolitical risks that pressured risk assets last week, digital assets have shown resilience and, like gold, recorded an influx of funds,” wrote James Butterfill, head of research at the company, on Monday.

As a result of a nine-week net inflow into global crypto funds, a total of $12.9 billion has been received, with a year-to-date figure of $13.2 billion. The AUM of these structures amounted to $179 billion.

The dynamics of weekly inflows into crypto funds. Data: CoinShares.## Priority — Bitcoin

Investment products based on the first cryptocurrency demonstrated a confident recovery — +$1.3 billion in seven days after two weeks of small outflows.

The total assets under management reached $156.7 billion. The main contribution to this figure came from American spot ETFs.

Short position products on Bitcoin recorded a small outflow of $3.7 million.

Ethereum, XRP and Sui

In the last week, the net inflow of funds into Ethereum-ETF amounted to $585 million — the best result since February.

Ether-based funds also maintained a positive trend, recording a net inflow of $585 million for the week. $528.2 million of this amount came from American Ethereum ETFs. However, on Friday, a record 19-day inflow streak ended — the AUM of exchange-traded funds decreased by $2.18 million.

Dynamics of inflows in Ethereum-ETF. Data: SoSoValue Investment products based on XRP from Ripple recorded their first net inflow in three weeks — +$11.8 million. Sui-based funds attracted $3.5 million.

The USA leads

“In the regional context, investor sentiment is generally positive. The United States leads the way with inflows of $1.9 billion, followed by Switzerland, Germany and Canada with inflows of $20.7 million, $39.2 million and $12.1 million, respectively. In contrast, Hong Kong and Brazil faced outflows of $56.8 million and $8.5 million,” Butterfill said.

Over the last week, Bitcoin has slightly decreased in price by 0.9%, while Ethereum has increased by 3.6%, according to CoinGecko.

“The market demonstrates resilience despite geopolitical risks, which inspires optimism, especially considering the return of retail investors and algorithmic traders,” noted Valentin Fournier, the lead analyst at BRN, in a conversation with The Block.

However, he warned that the lack of clarity regarding the [Fed] rate cut and the decline in institutional interest in Ethereum may indicate “possible volatility on the way to historical highs.”

Let us remind you that Bloomberg’s senior exchange analyst Eric Balchunas has predicted a “summer of altcoin ETFs.”