in the last weeks of bitcoin Its rise above $30,000 has excited long-term bear market investors, while institutional investors alike. BTC And cryptocurrency increased their interest in funding.
This rise was reflected as a six-week consecutive entry to crypto money funds. However BTC and a general decline in the crypto money market caused the inflows and outflows of crypto funds to change.
In this context, the publisher of the weekly cryptocurrency report CoinSharesstated that there were fund outflows from crypto money products last week.
Cryptocurrency products saw a total outflow of $ 30 million last week, while the 6-week inflow flow came to an end.
“Digital asset investment products saw a total outflow of $30 million last week, ending 6 weeks of inflows.
The exits started the previous Friday (April 14), when Bitcoin reached the psychological level of $30,000.
This suggests that the most recent sale was the result of making a profit, especially in the absence of any macroeconomic triggers.”
Looking at crypto funds individually, the majority of fund outflows bitcoinIt was seen in .
Bitcoin is the biggest, with an outflow of $ 53.1 million last week altcoin EthereumIt was seen that there was an inflow of 16.8 million dollars in .
“Ethereum saw nearly $17 million in inflows last week. This demonstrates a growing confidence among investors following the Shanghai upgrade.”
Looking at altcoins registering entries other than ETH Litecoin (LTC) 0.2 million dollars, Fading (LEFT) had an inflow of 0.7 million dollars.
Opposite these entries Ripple (XRP) There was an outflow of 0.4 million dollars.
indexed to the fall of BTC Bitcoin Shoret fund also saw $1.5 million in inflows this week.
Considering the regional fund inflows and outflows, Canada ranked first with a fund outflow of 32 million dollars, while the USA took the second place with an outflow of 21.9 million dollars. Canada and the USA were followed by Sweden with an output of 7 million dollars.
Against these outflows, it was seen that there were 28.7 million dollars in Germany, 0.6 million dollars in Switzerland and 1.3 million dollars in Brazil.
*Not investment advice.
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