Net inflows into global crypto funds run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares continued their rebound into a third consecutive week, adding $1.2 billion, according to CoinShares.

The positive net inflows — the largest in 10 weeks — were driven by “continued expectations of dovish monetary policy in the U.S. and associated positive price momentum, with total assets under management rising by 6.2% last week,” CoinShares Head of Research James Butterfill wrote in a Monday report.

U.S.-based funds generated $1.2 billion in net inflows last week, with spot Bitcoin ETFs accounting for $1.1 billion of those flows alone, according to The Block’s data dashboard.

Switzerland-based crypto investment products also attracted net inflows of $84 million. However, funds in Germany and Brazil witnessed net outflows of $21 million and $3 million for the week.

Overall, bitcoin-based investment products registered the majority of last week’s net inflows, adding $1.1 billion globally. However, short bitcoin investment products also generated net inflows of $8.8 million amid a price rise that saw bitcoin gain 3.5% last week. Bitcoin is currently trading for $64,393 according to The Block’s Bitcoin Price Page, down 1.8% over the past 24 hours.

Weekly crypto asset flows. Images: CoinShares.

Conversely, Solana-based investment products ended their positive five-week run of net inflows, with $.8 million exiting the funds globally last week.

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