Recently, interesting changes have been observed in the cryptocurrency market. It is said that last week, global crypto funds flowed in a total of $1.1 billion, the strongest week in nearly three months. It is reported that mainly U.S. institutions are buying, accounting for about 95%, with just Bitcoin spot ETFs attracting over $830 million.

Morgan Stanley's newly launched Bitcoin fund attracted over $60 million in its first week, and they plan to apply for Ethereum and Solana ETFs later. It seems that large institutions' interest in cryptocurrencies is indeed picking up. Some analysts say this is due to the easing of tensions in Iran and better-than-expected U.S. inflation data, both of which have prompted previously cautious institutional investors to re-enter the market.

Interestingly, while there is buying of Bitcoin and Ethereum, funds that are shorting Bitcoin have also attracted $20 million. It feels like some are hedging their risks. XRP was very popular earlier, but this week it clearly cooled off, with only about $19 million coming in. Overall, the assets under management in crypto investment products have returned to levels seen in early February, indicating that market sentiment is indeed improving.