Inflows into crypto funds have risen to $6.7 billion since the beginning of the year

From May 3 to May 9, the net inflow into cryptocurrency investment funds amounted to $882 million compared to $2.03 billion in the previous period. This is stated in the CoinShares report.

The positive trend continued for the fourth week in a row.

Data: CoinShares. Total inflow since the beginning of the year has increased to $6.7 billion. At its peak in February, the metric reached $7.3 billion.

AUM increased to $169.3 billion

Analysts explained the trend by a combination of several factors: the global increase in the money supply, stagflation risks in the U.S., and the approval of the first cryptocurrency by several American states as a reserve asset.

In the digital gold-based instruments, inflows slowed from $1.84 billion to $867 million, based on Ethereum — from $149.2 million to $1.5 million.

In the segment of American spot Bitcoin ETFs, an inflow of $599.6 million has been recorded. A week earlier, investors added $1.81 billion to the products.

Data: SoSoValue.Among altcoins, XRP ($1.4 million) and Sui ($11.7 million) stand out. The latter coin has outpaced Solana in fund inflows since the beginning of the year — $84 million compared to $73 million.

Data: CoinShares. Recall that on May 8, the prices of Ethereum skyrocketed by 22% after the activation of the Pectra hard fork.

On May 12, Bitcoin tested $105,000 amid the US-China trade deal.