Crypto funds at asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares registered another $646 million worth of inflows globally last week, according to CoinShares’ latest report.

Following net inflows of $862 million generated in the week prior, inflows year-to-date are now at their highest-ever level of $13.8 billion, far surpassing the prior annual record of $10.6 billion in 2021, just a few months into 2024.

It marks a continued rebound for global crypto funds, following the nearly $1 billion worth of outflows witnessed for the week ending March 22. However, there are also signs of exchange-traded fund hype moderating, CoinShares Head of Research James Butterfill wrote.

“There are signs that appetite from ETF investors is moderating, not achieving …