Crypto funds saw net inflows last week, but there were stark regional differences during a volatile period in digital-asset markets as Russia invaded Ukraine.
Digital-asset investment funds saw $59 million of outflows in Europe, though their counterparts in the Americas netted inflows of $95 million during the week through Feb. 25, a report Monday from the digital-asset manager CoinShares showed.
Bitcoin funds saw inflows of $17 million last week, the fifth consecutive week of inflows. Ether funds saw minor inflows of $4.2 million, the CoinShares report said.
Crypto markets have been roiled by the Russian invasion of the Ukraine.
Ether (ETH), Ethereum blockchain’s native cryptocurrency, was at its lowest price point this month last Thursday when the war broke out, but it partly recovered to $2,766 on Friday.
Multi-asset investment products were the biggest winner last week, pulling in $14 million of fresh money.
Most altcoin funds saw outflows last week. Solana-focused funds lost $2.6 million. Funds focused on Tezos, however, netted $4.4 million of inflows.