Crypto funds recorded $1.2 billion in net inflows in the week ended April 24, continuing inflows for a fourth straight week.

Blockchain media outlet Cryptopolitan reported on April 27 that total assets under management (AUM) for all crypto investment products rose to $155.276 billion, the highest since Feb. 1.

The inflows coincided with a rebound in bitcoin prices. Bitcoin rose above $77,000 for the first time since a February correction. The number of assets showing net inflows increased to 8 from 6 a week earlier.

Bitcoin products drew $932.5 million last week. Net inflows since the start of the year totalled $4.018 billion, and monthly net inflows were $2.799 billion. AUM was tallied at $124.41 billion. Bitcoin short products also saw inflows of $16.5 million.

Ethereum also maintained strong momentum. Ethereum products posted weekly net inflows of $192.4 million, marking a third consecutive week of inflows above $190 million. Ethereum's monthly net inflows rose to $628.2 million, and net inflows since the start of the year increased to $390 million. AUM was tallied at $18.773 billion.

Among altcoins, Solana drew $31.8 million, and XRP turned to net inflows of $25 million after outflows a week earlier. On a monthly basis, XRP was still at net outflows of $11.8 million, but it maintained net inflows of $148 million since the start of the year. Chainlink recorded net inflows of $6.8 million, Litecoin $500,000 and Sui $400,000. Multi-asset products, meanwhile, saw outflows of $9.8 million.

By manager, iShares drew the most money. iShares posted weekly net inflows of $952 million. Monthly net inflows rose to $2.713 billion and net inflows since the start of the year increased to $3.717 billion, while AUM reached $72.437 billion. ARK-21Shares recorded net inflows of $50 million, with AUM of $3.111 billion.

Grayscale, meanwhile, recorded net outflows of $50 million. Grayscale's monthly net outflows were tallied at $63 million, and net outflows since the start of the year totalled $501 million. AUM was $21.196 billion. CoinShares-managed products were at monthly net outflows of $85 million, but turned to net inflows of $22 million last week and maintained net inflows of $140 million since the start of the year.

By region, U.S. flows were dominant. Inflows into the U.S. market totalled $1.088 billion, accounting for 91 percent of global weekly net inflows. The United States recorded monthly net inflows of $3.426 billion and net inflows since the start of the year of $3.888 billion. AUM in the United States was tallied at $130.062 billion.

Germany recorded net inflows of $61.7 million, more than doubling from a week earlier. Germany's monthly net inflows were $138.4 million and AUM was $6.716 billion. Switzerland swung to net inflows of $35.2 million from net outflows of $137.8 million a week earlier. On a monthly basis, it still remained at net outflows of $93.5 million.

Canada recorded weekly net inflows of $15.5 million, Australia $800,000 and Brazil $500,000. France, Hong Kong, Italy, Sweden and the Netherlands saw small net outflows. As of April 24, net inflows for all crypto funds since the start of the year were tallied at $4.969 billion.

The trend showed that bitcoin-led inflows continue to drive the market. It also widened the scope of inflows as Ethereum, XRP and Solana posted net inflows as well. With AUM rising to the highest since early February, U.S. inflows and price moves in major cryptocurrencies are expected to shape the direction of the fund market going forward.