The weekly report of CoinShares, Europe’s largest crypto fund investment company, was published. According to the report shared by James Butterfill, the company’s head of research, crypto funds have reached a total investment of $13.8 billion since the beginning of the year and broke its own record.

“Short Bitcoin” funds continue to melt

Funds saw a net investment of $646 million on a weekly base. The net figure for Bitcoin was $663 million, while Ethereum had an outflow of $22 million. “Short Bitcoin” funds, which invested in Bitcoin’s decline, closed the week $9.5 million negative. “Short Bitcoin” funds have closed the last 3 weeks with losses.

“There is decline in volumes”

James Butterfill, head of research at CoinShares, stated that there was a decrease in the overall willingness of investors and said, “Despite this, there are signs that appetite from ETF investors is moderating, not achieving the weekly flow levels seen in early March, while volumes last week declined to $17.4 billion for the week compared to $43 billion in the first week of March.” he said.

Filecoin detail…

On the other hand, many altcoin funds also saw inflows and completed the week positively. Litecoin was established at the top in this sense with $ 4.4 million, while Solana funds received $4 million and Polkadot funds received $600 thousand investment. The investment in the funds of Filecoin (FIL), a data storage project, was net $1.4 million.