There are reports examining how smart money moves between Bitcoin, Ethereum and others. The latest report came from Coinshares. Let’s look at the details.
Strong inflows and trading volumes boost investment products
In the world of digital asset investment products, Bitcoin continues to attract the majority of entries. On the other hand, Ethereum is experiencing downsides despite the recent price increase. Over the past four weeks, there have been significant inflows into these investment products totaling $742 million. It also marks the biggest entry since Q4 2021.
Digital asset investment products generated $137 million in inflows last week, contributing to an impressive four-week total of $742 million. The transaction volumes of these products were well above the annual average. Accordingly, it reached $2.3 billion last week. This increase in volumes accounts for a significant portion of the overall crypto market. On the other hand, it accounts for 11% compared to the 2% average.
North America takes the lead in entries
North America, particularly the United States and Canada, witnessed significant inflows of $109 million and $28 million, respectively. In Europe, on the other hand, there were small-scale exits. However, small-scale entries were seen in Switzerland as the only exception.
Bitcoin remains a focus for investors as it accounts for 99% of all entries, with a total of $140 million. However, there was an outflow of $ 3.2 million in short-focused Bitcoin investment products for the 12th week in a row. The combination of price hikes and exits has caused total assets managed for short-focused bitcoin products to drop to just $55 million, down from a peak of $198 million in April.
Ethereum crashed
Contrary to the recent price increase, Ethereum hit $2 million last week. As a result, it remains the highest exiting asset year-to-date. Other altcoins such as Solana, Polygon, and Litecoin have witnessed small inflows ranging from $0.3 million to $0.5 million. cryptocoin.com When we look at it as a whole, Bitcoin continues to increase inflows. However, Ethereum is running into difficulties.
Bitcoin continues to dominate the digital asset investment products market in attracting entries. On the other hand, Ethereum is struggling to generate investor interest despite price increases. The strong momentum and increasing trading volumes in these products demonstrate increased confidence among investors. As the market evolves, monitoring the entry patterns of leading cryptocurrencies will provide valuable insights into overall sentiment and potential investment opportunities.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow on. Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.