Crypto investors took advantage of reduced digital asset prices to invest in blockchain token-based funds.

According to a CoinShares report, $441 million in net inflows streamed into digital asset investment vehicles last week following a market downturn and subsequent recovery.

James Butterfill, CoinShares’ head of research, noted that American investors capitalized on lower prices, with approximately $384 million invested in digital asset products on Wall Street. Other regions like Hong Kong, Switzerland, and Canada saw modest capital inflows as well. Bitcoin led the way, comprising 90% of all inflows, but investors also diversified into altcoins.

The virtual currency industry faced negative sentiment as the overall market lost over 9% of its value last week, falling to $2 trillion. Market leaders Bitcoin (BTC) and Ethereum (ETH) dropped to two-month lows. BTC fell below $54,000 on Mt. Gox fears and German sell pressure before rebounding above $58,000, while ETH slipped under $3,000. TradingView showed that the altcoin market cap dipped as much as 15%, with altcoins generally declining up to 80% since before Bitcoin’s halving.

Data indicated a 4% bounce on Monday as traders sought opportunities for larger gains, but bearish market sentiment persisted, and cryptocurrencies recorded losses again. The crypto “fear & greed” index is now at 28, marking its lowest level since last September.

While the total digital asset market cap rose nearly 3% before falling again due to volatility and Bitcoin FUD, blockchain equities continued in a downswing.

Butterfill noted that shares from mining entities and other web3 companies have seen $556 million in outflows since the start of the year.

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