Bitcoincontinues its volatile movements after the correction it experienced Coinsharespublished its weekly cryptocurrency report.
Stating that it experienced a record outflow of 942 million dollars in cryptocurrency investment products last week, Coinshares said that 7 weeks of inflows have ended.
“Cryptocurrency investment products saw record weekly outflows totaling $942 million last week; “This is the first exit following a series of record entries totaling $12.3 billion over 7 weeks.”
When looking at crypto funds individually, it was seen that the majority of fund outflows were in Bitcoin.
BTCthe largest altcoin while experiencing inflows of $904 million, representing approximately 96% of all outflows in Ethereum (ETH) An outflow of 34.2 million dollars was seen.
Indexed to the decline of BTC Bitcoin Short There was also an outflow of 3.7 million dollars in the fund.
When we look at other altcoins Solana (LEFT) 5.6 million dollars, Cardano (ADA) While experiencing an output of 3.7 million dollars; Litecoin (LTC) $2.0 million, XRP 1.2 million dollars, Polkadot (DOT) experienced an inflow of 5 million dollars.
“96% of the outflows consisted of Bitcoin, which recorded outflows of $904 million, while the short Bitcoin fund also saw smaller outflows totaling $3.7 million.
Ethereum, Solana, and Cardano also suffered losses, with outflows of $34 million, $5.6 million, and $3.7 million, respectively.
The rest of the altcoin space performed well, seeing net inflows of $16 million; The most important of these were Polkadot ($5 million), Avalanche ($2.9 million) and Litecoin ($2 million).
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 860 million dollars.
After the USA, Switzerland ranked second with 36.9 million dollars, and Sweden ranked third with 25.2 million dollars.
In response to these outflows, Canada experienced an inflow of 8.4 million dollars and Brazil experienced an inflow of 8.9 million dollars.
*This is not investment advice.
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