While Inflows into Institutional Bitcoin Funds Continue in the Seventh Week, This Altcoin Experienced a Record Entry!

Leading cryptocurrency Bitcoin A positive atmosphere continues to prevail in the market as it approached $ 38,000 last week.

At this point, while the positive atmosphere continues, the weekly cryptocurrency report is published by CoinShares He said there was an inflow of $292.5 million last week.

“Cryptocurrency investment products experienced a total inflow of $293 million last week, and this 7-week inflow streak exceeded $1 billion.”

When looking at crypto funds individually, the majority of fund inflows BitcoinIt was seen that it was in .

BTCexperienced an inflow of 240 million dollars last week, the largest in altcoin Ethereum (ETH) An inflow of $49.1 million was seen.

Indexed to the decline of BTC Bitcoin Short fundThere was an inflow of 7 million dollars.

When we look at altcoins Solana (LEFT) 12.4 million dollars, Cardano (ADA) While experiencing an inflow of 0.8 million dollars, XRP 3.1 million dollars, Litecoin (LTC) It had an outflow of 0.3 million dollars.

“Last week saw a total of $240 million in inflows into Bitcoin, and year-to-date inflows have increased to $1.08 billion. Short Bitcoin saw an outflow of $7 million, which indicates that the positive atmosphere continues.

Ethereum saw its biggest inflow since August 2022 at $49 million, and the last 2 weeks have marked a real turnaround in sentiment, likely linked to the recent demand for spot-based ETF listings in the US.

Solana also saw inflows totaling $12 million.”

Considering the regional fund inflows and outflows, it is seen that with an inflow of 105.7 million dollars, CanadaIt was seen that ‘s ranked first.

After Canada with $81.1 million USA while ranking second; Germany ranked third with 52.9 million dollars, and Switzerland ranked fourth with 50.3 million dollars.

Against these inflows, only Brazil experienced an outflow of 3.5-6 million dollars.

*This is not investment advice.