Starting the day with a decline Bitcoin, is trading below $69,000. While BTC is moving at $69,000 levels, Coinshares head of research James Butterfill has released his weekly cryptocurrency report.
Stating that it experienced an inflow of 862 million dollars into cryptocurrency investment products last week, Coinshares said that the outflows experienced last week have recovered.
“Cryptocurrency investment products experienced an inflow of $862 million last week. “With these inflows, there was also a recovery for Bitcoin ETFs.”
A recovery for Bitcoin ETFs, with US$862m inflows last week pic.twitter.com/D1OWUSdGIU
— James Butterfill (@jbutterfill) April 1, 2024
When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
BTCwhile experiencing more inflows than all other inflows in total, recorded an inflow of 865 million dollars.
largest altcoin Ethereum (ETH) While there was an outflow of $18.9 million, the Bitcoin Short fund, which was indexed to the decline of BTC, experienced an outflow of $2 million.
Other to altcoins when we look at Solana (LEFT) 6.1 million dollars, Polkadot (DOT) 2.4 million dollars, Cardano (ADA) 1.1 million dollars, Litecoin (LTC) 0.2 million dollars, XRP It experienced an inflow of $0.3 million.
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 897 million dollars.
After the USA, Brazil ranked second with 2.9 million dollars.
Against these inflows, Canada received 20.3 million dollars; Switzerland experienced an outflow of 15.6 million dollars.
*This is not investment advice.
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