While Institutional Whales Continue Selling Ethereum, They Invested in a Surprise Altcoin!

Leading cryptocurrency Bitcoinexceeding $ 72,000 again during the day Coinsharespublished its weekly cryptocurrency report.

cryptocurrency Stating that it experienced an inflow of 646 million dollars into investment products last week, Coinshares said that the positive atmosphere continues.

“Cryptocurrency investment products saw continued positive sentiment with inflows totaling $646 million last week. “The year-to-date inflow of US$13.8 billion is the highest ever.”

“Bitcoin Continues to Be the Focus!”

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

BTCthe largest altcoin with an inflow of $663 million in Ethereum (ETH) An outflow of 22.5 million dollars was seen.

Indexed to the decline of BTC In Bitcoin Short fund There was also an outflow of 9.5 million dollars.

Other to altcoins when we look at Litecoin (LTC) 4.4 million dollars, Filecoin (FIL) 1.4 million dollars, Solana (LEFT) It experienced an inflow of $4 million.

filecoin

“Bitcoin remains in focus with total inflows of $663 million, while the short Bitcoin fund saw outflows totaling $9.5 million for the 3rd week in a row, indicating a small capitulation from bearish investors.

While Ethereum experienced an outflow for the 4th week in a row, it saw a total outflow of 22.5 million dollars in the last week. This is in contrast to most other altcoins that continue to see inflows, while Litecoin, Solana and Filecoin saw inflows of US$4.4 million, US$4 million and US$1.4 million respectively.”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 648 million dollars.

After the USA, Brazil ranked second with 9.8 million dollars.

Against these inflows, Switzerland received 27.3 million dollars; Canada, on the other hand, experienced an outflow of 7.3 million dollars.

*This is not investment advice.