Global crypto funds draw $1.4B as Bitcoin tops $76K

Global crypto investment products pulled in $1.4 billion in net inflows last week, the largest weekly total since January, CoinShares reported. The amount exceeded the prior week's $1.1 billion and extended a three-week positive streak.

Assets under management rose to $154.8 billion, with weekly flows equal to 0.9% of total AUM-the highest weekly intensity of the year so far. Month-to-date inflows reached $2.3 billion.

James Butterfill, head of research at CoinShares, attributed the flows to easing geopolitical tensions around U.S.-Iran ceasefire extension talks and to bitcoin's midweek breakout to its highest level since February. He added that March consumer price index readings of 3.3% year over year and core CPI of 2.6% did not materially affect investor flows.

Products tracking bitcoin led inflows, attracting $1.12 billion over the week and bringing year-to-date bitcoin fund inflows to $3.08 billion. Short-bitcoin products recorded small inflows of about $1.4 million.

Ethereum products drew $328 million, their strongest week since January, lifting year-to-date ether product inflows to $197 million.

XRP-based funds saw $56.2 million in outflows and Solana products lost $2.3 million. Multi-asset products added $2.6 million, Sui-based funds $2.2 million, and Chainlink products $5.3 million.

Geographically, U.S. funds accounted for $1.49 billion of the weekly inflows. Germany-based funds added $28 million, while Switzerland recorded $137.8 million of outflows, its largest weekly withdrawal since November.

Among asset managers, BlackRock's iShares offerings led with more than $1 billion of inflows. Bitwise added $122 million and ARK 21Shares funds attracted roughly $106 million.

CoinShares noted that spot bitcoin and ether prices moved higher over the week.