Digital asset funds and crypto funds closed the past week positively. Even though the funds received a $2.45 billion net investment, Bitcoin once again had the biggest part. There were net inflows of $2.423 billion into the funds of the biggest cryptocurrency.

Big inflows to Bitcoin short funds

While Ethereum funds received a net investment of $21 million, Bitcoin short funds experienced an inflow of $5.8 million, one of the highest number of the recent period. Not surprisingly, Cardano, which received a net investment of $6 million the previous week, experienced an outflow of $5.9 million this time around. XRP funds also received investments of $400 thousand.

Crypto exchange-traded products hit bull run levels with $67 billion

While ETFs and other crypto funds, which have received serious investment recently, are attracting more and more attention day by day, the value of funds under management globally has surpassed $67 billion. Therefore, it was more than the record level in December 2021. At that time, Bitcoin began to decline from the level of $69 thousand and the signs of the beginning of the bear season were seen for the first time.

USA got 99%

The USA was once again at the top of the area. Of the net number of $2.45 billion, $2.40 billion came from the USA. Switzerland and Germany closed the week with $16 million and $13 million.

The cumulative sales for Grayscale over the previous week reached $623 million. The company is now managing $32 billion in cryptocurrency funds.