Money Outflow From Bitcoin Funds Has Stopped, Record Money Inflow Has Been Seen After Six Weeks!

last week FEDFrom the statements of Jerome Powell, who made statements after the interest rate decision, and SECof TJustin Sun, founder of ron (TRX) And cryptocurrency exchange Coinbaseaffected by his moves against bitcoinThere was a decrease in .

However, quickly recovered BTCAlthough it exceeded the $28,000 limit, it could not hold and fell below $28,000.

While high volatility prevails in Bitcoin, this week has seen inflows compared to the previous weeks when there were large outflows in mutual funds based on cryptocurrencies.

Publishes the weekly cryptocurrency report Coinsharesnoted that crypto products have seen inflows of $160 million, the highest level since July 2022.

With the entries this week, institutional investors have left behind a 6-week exit, which totaled 408 million dollars.

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Looking at crypto funds individually, the majority of fund inflows bitcoinIt was seen in .

According to the table, it was seen that there was an entry of 128 million dollars in Bitcoin.

as in bitcoin BTCThe Bitcoin Short fund, which is indexed to the fall of , also experienced a significant inflow. Accordingly, the Bitcoin Short fund registered an inflow of $30.8 million last week.

While there are entries in the Bitcoin and Bitcoin Short fund, the largest altcoin on Ethereum (ETH) It was seen that there was an output of 5.2 million dollars.

Left (LEFT) $4.8 million, Ripple (XRP) While experiencing $ 1.2 million inflow, Polygon (MATIC) It registered $1.9 million in entries.

Looking at regional fund inflows, the USA ranked first with 69.1 million dollars, followed by Germany with 57.8 million dollars.

Canada ranked third with $26.1 million in entries, while Switzerland was fourth with $16.6 million in entries.

Against these inflows, it was seen that there were outflows of 5.8 million dollars in Sweden and 3.9 million dollars in Brazil.

*Not investment advice.