The recent data shows a significant inflow of $862 million into cryptocurrency investment products from March 23 to 29, following a $942 million outflow the previous week. With Bitcoin recovering towards $70,000, assets under management saw an increase from $88.2 billion to $97.9 billion, as reported by CoinShares analysts.

The focus remained on Bitcoin-related products, with $865 million in inflows nearly offsetting the record $904 million outflow from the week before. Clients withdrew $2 million from structures allowing short positions on Bitcoin, down from $3.7 million the previous week. Ethereum funds saw an outflow decrease from $34.2 million to $18.9 million, while investments in Solana, Polkadot, and Cardano instruments amounted to $6.1 million, $2.4 million, and $1 million respectively.

In March, Bitcoin closed in positive territory for the seventh consecutive month, with a 16.8% increase in price according to CoinGlass. Despite reaching an all-time high of $73,000 on March 12, the price fell to $61,000 in subsequent trading sessions before rebounding to $70,000 by the end of the month. The mid-March price decline coincided with ETF outflows and a reduced likelihood of Ethereum ETF launches.

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