These Altcoins Followed Bitcoin While There Was 57 Million Dollars Net Inflow to Institutional Funds!

bitcoinWhile the rise in . BTC And cryptocurrency Funding continues.

Publishes the weekly cryptocurrency report CoinSharessaid that with last week’s fund inflow in crypto money products, there are inflows this week as well.

CoinShares reported in its report that crypto products saw inflows totaling $57 million last week.

“Last week has seen entries totaling US$57 million.

Despite the positive mood among institutional investors, volumes remained low at $970 million during the week, indicating that investors remain cautious. “

Looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.

Bitcoin experienced $56 million inflows, representing 98% of all entries.

Indexed to the fall of BTC, which has experienced an entry in the past weeks Bitcoin Short fund had an outflow of $ 0.6 million this week.

With only a short time until the Shanghai upgrade, the biggest altcoin on Ethereum (ETH) It was seen that there was an inflow of 0.6 million dollars.

outside of ETH Ripple (XRP) and Polygon (MATIC) It was seen that it registered an inflow of $ 0.2 million.

Looking at regional fund inflows, the USA ranked first with $26.8 million, followed by Germany with $16.6 million.

Switzerland was in third place with $12.8 million in entries, while Canada was fourth with $16.6 million in entries.

Against these inflows, it was seen that there were 1.2 million dollars of exits in Sweden and 0.3 million dollars in Brazil.

*Not investment advice.

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