Investors poured the most money into crypto last week since February, pushing ether holdings to a record high

Investors poured the most money into crypto last week since February, pushing ether holdings to a record high

Investors poured the most money into crypto assets since February last week, analytics firm CoinShares data showed on Tuesday. Inflows across all digital assets totalled $489 million in that time, taking total inflows into crypto assets to just over $1 billion throughout April.

"The high inflows conceal varied flows amongst providers, with many seeing outflows in Europe, while their North American peers saw strong inflows," CoinShares said in its report.

Ether holdings were boosted by strong inflows worth $30 million and assets under management reached a record high of $13.9 billion. This equals about 21% of overall crypto assets under management held by investment houses like Grayscale and CoinShares.

Ether has been surging in value over recent weeks and continuously breaking its own records. On Tuesday, it reached its highest valuation yet at over $3,500.

Ether investments were only topped by bitcoin, which saw the highest levels of weekly inflows at $442 million. Investors appear to be more positive about the highly volatile cryptocurrency according to the report.

After reaching record highs of almost $65,000 in mid-April, the digital asset fell below $50,000 towards the end of the month, raising some concern among investors about a more sustained drop. Bitcoin has since recovered some ground