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Crypto Funds Explode With $1.1B Weekly Surge as BTC, ETH, and XRP Lead Recovery

Crypto Funds Explode With $1.1B Weekly Surge as BTC, ETH, and XRP Lead Recovery


CoinShares revealed that renewed risk appetite drove $1.1 billion into digital asset investment products.

Investment products tied to digital assets brought in $1.1 billion, the largest weekly amount since early January. The increase likely reflects renewed confidence due to easing geopolitical tensions involving Iran and lower-than-expected US spending and inflation figures, CoinShares explained.

Trading volumes climbed 13% week-on-week to $21 billion, still under the yearly average of $31 billion. At the same time, total assets under management have recovered to levels not seen since early February.

Ethereum Sees Comeback

According to the latest edition of CoinShares’…

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