$127 million flowed into crypto funds last week, the highest level in nearly three months

After weeks of market turmoil sparked by Russia's invasion of Ukraine, investor sentiment appears to be stabilizing. Crypto funds attracted $127 million in new funds in the week ending March 4, the highest level in nearly three months, according to a weekly funding report released by digital asset management company CoinShares on Monday. "Despite recent geopolitical events, investors remain supportive of digital assets," CoinShares wrote in the report.

Similar to the previous week, positive sentiment was concentrated in North America, with inflows totaling $151 million, while outflows from the European region totaled $24 million.

According to Bitpush terminal data, after reaching a monthly low of $34,652 on February 24, the price of Bitcoin soared to $44,767 last week, and the price was about $37,981 at press time. Ethereum rebounded to a stage high of $3,015 on March 1, but has fallen to around $2,533 at press time.

According to CoinShares data, Bitcoin funds saw inflows of $95 million last week, the largest weekly inflow since early December 2021 and the seventh consecutive week of inflows.

Ethereum funds saw inflows totaling $25 million last week, the largest inflow in 13 weeks.

Last week, multi-asset investment funds saw inflows of $8.6 million, with blockchain stocks seeing inflows totaling $7.7 million.

Altcoin funds had mixed results. Solana funds saw outflows of $1.7 million, and Polkadot-focused funds saw outflows of about $900,000. Litecoin, Cardano, and Ripple funds saw inflows totaling $400,000, $900,000, and $400,000, respectively.