The volume of funds in crypto investment products increased by $274 million during the week. CoinShares analysts explained the influx of investors from Terra as a desire to capitalize on the price drops associated with the collapse of the UST stablecoin.

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Such high income rates in crypto funds were last observed at the end of March.

The positive dynamics were driven by the $284.8 million inflow of funds from Canadian Purpose Investments to the Purpose Bitcoin ETF. Investors focused on the first cryptocurrency – investments in products based on it attracted a total of $298.6 million during the week.

Fund outflow from Ethereum funds continued. In seven days, it was $26.7 million and $236 million since the beginning of the year.

Mixed dynamics were observed for products based on other altcoins. AUM only LUNA related instruments fell 99%.

Separately, analysts talked about the third largest ever fund withdrawal from shares of blockchain companies ($51 million).

Recall that Coinbase securities have dropped 81.8% since the IPO in anticipation of the release of financial statements for the first quarter. The net loss of the bitcoin exchange for this period amounted to $1.98 per share, nearly double what analysts had expected.

Shares of other blockchain companies also outperformed the market as Bitcoin dropped to $30,000.