The rise of Bitcoin above $ 30,000 has caused excitement for investors who have been in a bear market for a long time and see no color other than red, while institutional investors also BTC And cryptocurrency continues to show interest in its funds.
Publishing its weekly cryptocurrency report, Coinshares stated that fund inflows into crypto money products continue.
Cryptocurrency products saw a total of 114 million dollars inflow last week, which doubled compared to the previous week.
Noting that there has been a four-week consecutive introduction to cryptocurrencies, Coinshares The report stated that entries totaled $345 million.
Looking at crypto funds individually, the majority of fund inflows Bitcoin’was also seen.
Bitcoin experienced $104 million inflows, representing about 90% of all entries.
After Shanghai upgrade EthereumIf looking at BTC’It was seen that there was an inflow of 0.3 million dollars compared to the previous year.
“Cryptocurrency investment products saw a total of $114 million in inflows last week.
Fund inflows that have been going on for four weeks have now totaled $345 million.
Bitcoin has been almost the sole focus of investors, with inflows of $104 million.
Despite the successful Shanghai upgrade on Ethereum, ETH only saw $0.3 million in inflows last week.”
ETH Looking at the altcoins that register entries other than Litecoin (LTC) 0.2 million dollars, Ripple (XRP) and Cardano (ADA) It was seen that there was an inflow of 0.1 million dollars.
Opposite these entries in Solana (LEFT) It was seen that there was an output of 2.1 million dollars.
Indexed to the fall of BTC, which went out the previous week Bitcoin Short fund saw $14.6 million in inflows this week.
Looking at regional fund inflows, the USA ranked first with 58.5 million dollars, followed by Germany with an inflow of 35.4 million dollars.
Canada was third with $17.2 million in entries, while Switzerland was fourth with $6.6 million in.
Against these inflows, it was seen that there were 2 million dollars in Sweden and 1.9 million dollars in Brazil.
*Not investment advice.
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