Cryptocurrency investment funds attract $36 million in capital despite market turmoil

Inflows into Bitcoin and Ether investment products continue to increase as institutional investors re-enter.

Crypto mutual funds saw a considerable increase in inflows over the past week, indicating that institutional investors were still gaining exposure to digital assets despite extreme market volatility.

Digital asset investment products saw $36 million in cumulative inflows in the week ended Feb 27, according to data from CoinShares. At the regional level, new investment was highly one-sided, with the Americas recording inflows of $95 million and European investment products recording outflows of $59 million.

Bitcoin (BTC) product inflows increased by $17 million, marking the fifth consecutive week of inflows totaling $239 million during that period. Ether (ETH) products had smaller inflows of $4.2 million. Investors have reduced their holdings in most altcoin products, with Solana (SOL) and Litecoin (LTC) funds posting $2.6 million and $500,000 in outflows, respectively.

Inflows into Bitcoin products turned positive for 2022, a sign that institutional investors were rallying after a period of significant volatility. They continued to buy BTC funds over the past week, even as tensions in Eastern Europe escalated with Russia launching military operations in neighboring Ukraine. According to data from CoinShares, the volumes of cryptocurrency exchanges traded in Russian rubles rose by 121% last week.

Related: Wall Street Open Sends Bitcoin to $40,000 as Latest BTC Price Rise Exceeds 6%

Cryptocurrency markets appeared unaffected by the geopolitical tensions on Monday, even as stocks succumbed to fresh selling pressure. Bitcoin price reached $41,476 on the day, according to Cointelegraph Markets Pro and TradingView. Meanwhile, shares fell more than 1%.

Cointelegraph Markets Pro data also revealed a considerable increase in trading volumes, with BTC trading volume 27% above average.