Crypto funds attracted over $600 million, ending the outflow streak

The market is experiencing a surge in positive sentiment, as evidenced by increased investor activity.

From March 15 to March 21, the net inflow of funds into cryptocurrency investment funds amounted to $644 million. This marks the end of a five-week outflow period, which had reached a total of $5.4 billion.

Assets under management have increased by 6.3% since the March 10 low. The majority of inflows were directed towards Bitcoin instruments—$724 million. At the same time, the short segment of digital gold saw an outflow of $7.1 million, indicating positive expectations among asset holders in the medium and long term.

The majority of digital asset inflows came from the United States ($632 million). Positive results were also recorded by investors from Switzerland ($15.9 million), Germany ($13.9 million), and Hong Kong ($1.2 million).

Unlike the Bitcoin segment, Ethereum funds faced the largest losses, with $86 million withdrawn. Among other altcoin-based instruments, outflows were recorded in Sui (-$1.3 million), Polkadot (-$1.3 million), TRON (-$0.95 million), and Algorand (-$0.82 million). Meanwhile, Solana-based funds saw an inflow of $6.4 million, while Polygon and Chainlink attracted $0.4 million and $0.2 million, respectively.

Selwix experts noted that investment inflows were recorded daily throughout the week following 17 consecutive days of outflows. This indicates a significant shift in sentiment in the digital asset market and growing positive expectations among all participants.

This is a crucial signal for investors and an excellent opportunity to take advantage of the situation and increase profits on the Selwix platform!

Selwix – your gateway to the world of cryptocurrencies!