There was a net inflow into global cryptocurrency investment products for the eighth consecutive week.
According to CoinShares data, there was a total of 176 million dollars inflow to cryptocurrency investment products.
Of these, $155 million went into Bitcoin products, which maintain its superiority over other cryptocurrencies. The CoinShares team explains this with spot Bitcoin ETFs likely to be approved in the US soon.
The share of exchange-traded products, which generally have a 3.4% share of the total transaction volume in the market, increased to 11%.
Apart from this, the altcoins that attracted the most attention were Solana ($13.6 million), Ethereum ($3.3 million) and Avalanche ($1.8 million). There was also growth in Uniswap and Polygon products.