According to the numbers announced by CoinShares, a total of $226 million worth of inflows were made to cryptocurrency investment products in the past week.
- In terms of weekly net change for eight weeks Cryptocurrency investment products in the positive zone have increased in total in this eight-week period. 638 million dollars grew in value.
- 226 million dollars of money going into different investment products $225 million part of it flowed into bitcoin (BTC) products.
- The CoinShares team believes that the growth in bitcoin investment products, “From SEC Chairman Gary Gensler’s constructive remarks about the possibility of allowing a bitcoin ETF to be established in the US” stated that it may be due to
- Unlike Bitcoin, ether (ETH) products that remain in the negative zone $13.6 million value output.
- Solana (SOL), Cardano (ADA) and Bitcoin Cash (BCH) entered $12.5 million, $3 million and $300,000, respectively; XRP, Polkadot, and Litecoin products were left behind.
Image: Pixabay, image modified by Koin Bulletin
226 Million Dollars Input in Crypto Investment Products -CoinShares article was prepared by Ömer SAKMAR and published on koinbulteni.com.