$25 million in institutional capital flowed into AVAX, while ETH pulled $15 million last week

Despite escalating political tensions surrounding Russia-Ukraine, crypto investment products have seen inflows for the fifth consecutive week, according to a report.The latest from cryptocurrency fund management organization CoinShares.

CoinShares weekly cash flow analysis report revealed Avalanche as the second best performing project for the week ended Feb. 21 with a total inflow of $25 million.

Ethereum sees $15 million outflow

According to the report, institutional investors poured $109 million into crypto investment products last week, despite recent price weakness due to a slew of macro troubles — including rising tensions in Eastern Europe as the White House is about to issue an executive order that would U.S. government agencies are developing a national strategy to regulate the cryptocurrency market.

“While there were inflows from both Europe and America, it was mostly America at $101 million.”

Weekly Crypto Asset Cash Flow | Source: CoinShares

Bitcoin saw nearly $89 million in the past week, its highest inflow since December 2021. However, volumes “remain relatively low,” with total inflows totaling $221 million over the past five weeks, representing 0 .7% of total assets under management (AUM).

Digital asset fund cash flow after investment | Source: CoinShares

Meanwhile, Ethereum saw the biggest outflow of the week at $15 million, followed by Binance (-$0.5 million) and Ripple (-$0.1 million).

AVAX has the second best record of the week

Last week, Avalanche emerged as the second-best performer with a total investment inflow of $25 million.

Touted as the fastest smart contract platform in the blockchain industry, Avalanche has emerged as one of Ethereum’s main competitors among the fast-growing Layer 1 networks.

Launched in 2020 by Ava Labs, Avalanche quickly gained prominence in the DeFi space and today hosts 170 protocols, the fourth chain based on Total Value Locked (TVL).

With $10.5 billion in TVL, Avalanche now ranks behind Ethereum ($117.3 billion), Terra ($16 billion), and Binance Smart Chain ($11.9 billion), according to Cointelegraph DeFi Llama data. Dollar).

TVL’s top 5 blockchains | Source: DeFi Llama

“As this outflow represents a one-day trade, it is too early to tell if this represents widespread appetite for altcoins,” CoinShares added.

Meanwhile, blockchain stocks remain popular with institutional investors, with inflows totaling $26 million across a range of investment products.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page