Bitcoin while moving horizontally Ethereum continues its rise. At this point, while investors are wondering how the market will move Coinsharespublished its weekly cryptocurrency report.
Cryptocurrency investment products Stating that it experienced an inflow of 598 million dollars last week, Coinshares said that the inflows continued and it was the fourth consecutive week.
When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
BTCthe largest altcoin experiencing inflows of $569 million, representing over 90% of all inflows in Ethereum (ETH) An inflow of $16.8 million was seen.
There was an inflow of $3.9 million in the Bitcoin Short fund, which was indexed to the decline of BTC.
Other to altcoins when we look at Litecoin (LTC) $1.0 million, XRP While experiencing an inflow of 1.1 million dollars; Solana (LEFT) It had a debut of $3.0 million.
“Bitcoin saw inflows of $570 million last week, with year-to-date inflows reaching $5.6 billion, but recent price increases have led to small inflows into short Bitcoin positions, totaling $3.9 million.
Ethereum saw inflows of $17 million last week, while Chainlink and XRP saw inflows of $1.8 million and $1.1 million respectively. Recent outages at Solana likely impacted sentiment and ultimately resulted in an outflow of $3 million.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 609 million dollars.
After the USA, Brazil ranked second with 8.2 million dollars.
Against these inflows, Canada experienced an outflow of 17.8 million dollars.
*This is not investment advice.
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