While the rise of Bitcoin above $ 30,000 has caused the excitement of investors who have been in a bear market for a long time and do not see any color other than red, institutional investors continue to show interest in BTC and crypto money funds.
Publishing its weekly cryptocurrency report, Coinshares stated that fund inflows into crypto money products continue.
Cryptocurrency products saw a total of 114 million dollars inflows last week, which doubled compared to the previous week.
Noting that there have been four consecutive entries in cryptocurrencies, the Coinshares report stated that the entries reached a total of 345 million dollars.
Looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
Bitcoin experienced $104 million inflows, representing about 90% of all entries.
Looking at Ethereum after the Shanghai upgrade, it was seen that there was an inflow of $ 0.3 million compared to BTC.
“Cryptocurrency investment products saw a total of $114 million in inflows last week.
Fund inflows that have been going on for four weeks have now totaled $345 million.
Bitcoin has been almost the sole focus of investors, with inflows of $104 million.
Despite the successful Shanghai upgrade on Ethereum, ETH only saw $0.3 million in inflows last week.”
Looking at the altcoins that registered entries other than ETH, it was seen that Litecoin (LTC) had $ 0.2 million, Ripple (XRP) and Cardano (ADA) $ 0.1 million.
Against these entries, Solana (SOL) had an exit of 2.1 million dollars.
The Bitcoin Short fund, which was indexed to the fall of BTC, which had exited the previous week, had an entry of $ 14.6 million this week.
Looking at the regional fund inflows, the USA ranked first with 58.5 million dollars, followed by Germany with an inflow of 35.4 million dollars.
Canada was in third place with $17.2 million in entries, while Switzerland was fourth with $6.6 million in entries.
Against these inflows, it was seen that there were 2 million dollars in Sweden and 1.9 million dollars in Brazil.
*Not investment advice.