New Record in Institutional Bitcoin and Altcoin Funds: Investors’ Interest Focused on This Altcoin!

Leading cryptocurrency BitcoinWhile , it exceeded $ 41,000 after a long time after its rise, inflows to cryptocurrency investment products continue.

At this point, publishing the weekly cryptocurrency report CoinShares He said there was an inflow of $176 million last week.

“Cryptocurrency investment products reached a total of $176 million last week, bringing the 10-week total to $1.76 billion.

This was the highest level since the US futures-based ETF launch in October 2021.”

When looking at crypto funds individually, the majority of fund inflows BitcoinIt was seen that it was in .

BTCthe largest altcoin with an inflow of $132.8 million last week in Ethereum (ETH) Inflows continued this week and an inflow of 30.8 million dollars was seen.

The negative sentiment in ETH turned positive with these entries, which shows that investors are interested in ETH.

Indexed to the decline of BTC Bitcoin Short It was observed that there was an inflow of 3.6 million dollars in the fund.

When we look at altcoins, the ones that continue to enter are: Solana (LEFT) 4.3 million dollars, Cardano (ADA) 0.1 million dollars, XRP While there was an inflow of 0.5 million dollars Litecoin (LTC) It had an outflow of 0.2 million dollars.

“Bitcoin became the crypto with the most inflows, seeing $133 million in inflows. However, the short Bitcoin fund saw inflows of $3.6 million last week after a 3-week streak of outflows.

“Ether saw another inflow of $31 million last week, extending its 5-week inflow streak to $134 million, and for the first time this year net flows were positive at $10 million after a long period of negative sentiment.”

When we look at the regional fund inflows and outflows, we see that with an inflow of 79 million dollars, Canada’It was seen that it ranked first.

After Canada, Germany ranked second with 56.9 million dollars; The USA ranked third with 53.5 million dollars.

*This is not investment advice.