\n
![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvOTFkNjk3NWEtZDNkNS00MDVmLWI5Y2QtNzE3NTU0ZGU1Y2Y3LmpwZw==.jpg\")
<\/p>\n
\n<\/p>\n
Inflows into cryptocurrency investment funds rose sharply last week, with Ether (ETH<\/a>) products breaking a nine-week spell of outflows in the latest sign that institutional managers were re-accumulating assets.\u00a0<\/p>\n Digital asset investment products registered $75.3 million worth of cumulative inflows last week, data from CoinShares revealed Monday. Bitcoin (BTC<\/a>) investment products saw $25.1 million worth of inflows, while Ether products attracted $20.9 million worth of capital. <\/p>\n Positive inflows were also reported for multi-asset funds with exposure to several cryptocurrencies. Solana (SOL<\/a>), Polkadot (DOT<\/a>) and XRP products were also net positive for the week. <\/p>\n Crypto asset flows have now risen for four consecutive weeks, offering signs that the massive drawdowns of late 2021 were beginning to reverse course. Over the four-week stretch, crypto funds collected $209 million. <\/p>\n Institutional managers reduced their exposure to cryptocurrency products at the end of 2021, possibly to book profits before year\u2019s end and also to ride out extreme market volatility<\/a>. Bitcoin\u2019s Fear & Greed Index, which gauges market sentiment, plunged to \u201cextreme fear\u201d in early January. The index has stabilized<\/a> in recent weeks, with the latest reading showing that the market has exited the extreme fear stage.<\/p>\n Are we only in the middle of a large bear cycle? <\/p>\n Analyst @AriRudd<\/a> notes three indicators that could send Bitcoin to $24K-27K. https:\/\/t.co\/AkSAehinSc<\/a><\/p>\n \u2014 Cointelegraph (@Cointelegraph) February 14, 2022<\/a><\/p><\/blockquote>\n While analysts remain at odds about whether the market has formed a definitive bottom or whether Bitcoin and Ether can expect to re-test their 2022 lows, CoinShares\u2019 inflow data provides a good barometer for institutional investor sentiment. As Cointelegraph has reported, institutional demand for crypto assets<\/a> has grown substantially over the past year and is playing a bigger role in influencing market dynamics. <\/p>\n Related: <\/em><\/strong>Willy Woo: \u2018Peak fear,\u2019 but on-chain metrics say it\u2019s not a bear market<\/em><\/strong><\/a><\/p>\n 02\/11\/22 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.<\/p>\n Total AUM: $37.6 billion$BTC<\/a> $BAT<\/a> $BCH<\/a> $LINK<\/a> $MANA<\/a> $ETH<\/a> $ETC<\/a> $FIL<\/a> $ZEN<\/a> $LTC<\/a> $LPT<\/a> $XLM<\/a> $ZEC<\/a> $UNI<\/a> $AAVE<\/a> $COMP<\/a> $CRV<\/a> $MKR<\/a> $SUSHI<\/a> $SNX<\/a> $YFI<\/a> $ADA<\/a> $SOL<\/a> $AMP<\/a> pic.twitter.com\/stTPqefvo8<\/a><\/p>\n \u2014 Grayscale (@Grayscale) February 11, 2022<\/a><\/p><\/blockquote>\n Grayscale, which is the largest crypto asset manager, currently has $37.6 billion in assets under management and is looking to convert its flagship GBTC Bitcoin product into an exchange-traded fund (ETF). On Feb. 4, the United States Securities and Exchange Commission once again delayed its decision on Grayscale\u2019s Bitcoin ETF<\/a> application, opening the door to further public comment on the matter. <\/p>\n Meanwhile, in Canada, the Purpose Bitcoin ETF<\/a> continues to register large inflows, reflecting strong investor appetite for a spot product. <\/p>\n<\/div>\n\n
\n