Bitcoin While the rise in altcoins and altcoins over the weekend strengthened investors’ rally expectations, Coinsharespublished its weekly cryptocurrency report.
Stating that it experienced an outflow of 251 million dollars in cryptocurrency investment products last week, Coinshares said that the outflows reached the fourth week in a row.
“Cryptocurrency investment products saw outflows totaling $251 million for the fourth week in a row. “These global outflows dwarf the $307 million inflows into Hong Kong ETFs.”
Ethereum (ETH) Sales Are Over!
When looking at crypto funds individually, the majority of fund outflows BitcoinIt was seen that it was in .
BTCWhile , was the only cryptocurrency that experienced an outflow of 284 million dollars, it is the largest altcoin Ethereum (ETH) It saw an inflow of $30 million, breaking its 7-week debut streak.
When we look at other altcoins Avalanche (AVAX) 0.5 million dollars, Litecoin (LTC) 0.1 million dollars, Polkadot (DOT) 0.3 million dollars, Solana (LEFT) It experienced an inflow of $0.3 million.
“As always, Bitcoin was the main focus and saw an outflow of $284 million. Unusually, the only cryptocurrency to see an outflow was BTC.
Ethereum saw inflows of $30 million last week, breaking its 7-week outflow streak.
A wide variety of altcoins have seen inflow; the most important ones being Avalanche, Cardano, and Polkadot, which saw inflows of $0.5 million, $0.4 million, and $0.3 million, respectively.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an outflow of 504 million dollars.
After the USA, Sweden ranked second with 30.3 million dollars.
Against these outflows, Hong Kong lost 306.5 million dollars; Brazil experienced an inflow of 3.7 million dollars.
*This is not investment advice.
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