Cryptocurrency investment products recorded $644 million in inflows last week, a reversal after five consecutive weeks of shedding assets. 

Inflows to Bitcoin exchange-traded funds largely led the shift, followed by flows to Solana, Polygon and Chainlink investment products, CoinShares Head of Research James Butterfill said Monday in a report. Meanwhile, total assets under management for crypto investment products rose 6.3% from their low point on March 10, according to CoinShares’ data. 

“Every day last week recorded inflows… signaling a decisive shift in sentiment toward the asset class,” Butterfill said in the report. 

Cryptocurrency funds have recorded massive outflows over the past few weeks as geopolitical and economic…