Europe’s largest digital fund investment company, Coinshares, announced last week’s investment figures. Cryptocurrency funds closed last week with a net investment of $900 million. While Bitcoin funds saw a net inflow of $920 million, Ether funds saw an outflow of $35 million.

2021 has already tripled

While the total net inflows to the funds since the beginning of the year exceeded $27 billion, the total figure for 2021 was only $10.5 billion. As you may recall, 2021 was the last major bull season for Bitcoin and cryptocurrencies. This year, unlike the serious rise in Bitcoin, the same movements were not seen in altcoins. Despite this, the number entering the funds has already tripled in 2021.

The biggest reason here is, of course, that Bitcoin and Ether spot ETFs have been opened to the crowds and large institutional companies in the US…

Solana funds also received the 2nd largest weekly investment of this year. SOL funds saw an inflow of $10.8 million. This figure was $1.8 million for Litecoin funds and $200,000 for XRP funds.

Short Bitcoin funds also got their share of the Bitcoin rally! There was an outflow of $1.3 million from these funds. ADA funds closed this week in the red and saw a sale of $100,000.

Stocks positive for the 3rd time in a row

There were also increases in blockchain-focused stocks. These stocks completed the 3rd week in a row in the positive. Net investment was $12.2 million.

BlackRock (Bitcoin ETF) received the most investment by far among crypto ETFs in the US. IBIT ETF saw a net inflow of $1.1 billion. Fidelity’s Bitcoin fund came in second with $72 million.