Leading cryptocurrency BitcoinWhile trying to recover after falling to $64,000 levels over the weekend as a result of the correction it experienced Coinshares published its weekly cryptocurrency report.
cryptocurrency Stating that it experienced 2.9 billion dollars of inflow into investment products last week, Coinshares said that the inflows continued and another record was broken.
“Cryptocurrency investment products saw record weekly inflows totaling $2.9 billion, surpassing the previous week’s all-time record of $2.7 billion.
“This week’s inflows increased year-to-date inflows to $13.2 billion, surpassing the entire $10.6 billion inflows in 2021.”
When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
BTC is the largest altcoin while experiencing inflows of $2.89 billion, representing over 95% of all inflows in Ethereum (ETH) An outflow of 13.9 million dollars was seen.
In the Bitcoin Short fund, which is indexed to the decline of BTC, the inflows increased compared to last week, and there was an inflow of 26.1 million dollars.
When we look at other altcoins Litecoin (LTC) 2.3 million dollars, Polkadot (DOT) 3.1 million dollars, Cardano (ADA) While experiencing an inflow of 1.2 million dollars; Solana (LEFT) It had an outflow of $2.7 million.
“Bitcoin saw $2.86 billion in inflows last week and now accounts for 97% of all inflows year-to-date. The Short Bitcoin fund saw its largest inflow in a year, totaling $26 million for the 5th week in a row.
The smart contract ran into trouble last week; Ethereum, Solana, and Polygon saw outflows of $14 million, $2.7 million, and $6.8 million, respectively.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.95 billion dollars.
After the USA, Brazil ranked second with 23.7 million dollars.
Against these inflows, Switzerland received 32.6 million dollars; Sweden $21.2 million; Canada experienced an outflow of 14.9 million dollars.
*This is not investment advice.
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