After a long outflow in cryptocurrency funds, inflows have been occurring for the past three weeks.
At this point, Coinshares, which publishes its weekly cryptocurrency report, said that there was an inflow of $136 million into my crypto funds last week.
“Crypto funds saw $136 million in inflows last week and increased the inflows in the last 3 weeks to $470 million, thus completely smoothing out the previous 9-week outflows.”
Looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
BTC saw an inflow of $ 132.8 million last week, while the largest altcoin Ethereum (ETH) saw $ 2.9 million in entry.
In the Bitcoin Short fund, which was indexed to the fall of BTC, there was an outflow of $ 1.8 million.
“Bitcoin remains the focus of investors, with inflows totaling $133 million last week, while the Bitcoin Short fund saw $1.8 million out.”
When we look at other altcoins, Solana (SOL) $ 1.2 million, XRP $ 0.9 million, Polygon (MATIC) 0.8 million dollars, Cardano (ADA) 1.3 million dollars.
Looking at the regional fund inflows and outflows, it was seen that there were generally inflows in the countries.
While Germany ranked first with a fund inflow of 61.5 million dollars, the USA was in the second place with 55.9 million dollars, and Canada was in the third place with an inflow of 11 million dollars.
Switzerland with 8.9 million dollars; Australia with $0.8 million; France followed with 0.1 million dollars.
Against these inflows, Sweden experienced an outflow of 1.8 million dollars and Brazil of 0.5 million dollars.
*Not investment advice.