Bitcoin and altcoins saw huge gains last week after major financial companies like BlackRock and Invesco filed for spot Bitcoin ETFs.
Although Bitcoin starts the week with a decline, it is trying to hold above $ 30,000.
While trying to stay strong in BTC, CoinShares has released its weekly cryptocurrency report.
Stating that the spot Bitcoin ETF applications in the USA had a positive effect on institutional crypto funds, CoinShares announced that there was an inflow of 199 million dollars last week.
“Following spot Bitcoin ETF filings in the US, the largest inflows in a year have been, with a total of $199 million.
At this point, crypto funds have seen their biggest weekly inflows since July 2022, correcting nearly half of the previous 9-week exits with a total of $199 million in entries.
Looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
Bitcoin has seen 187 million entries, representing 94% of the total entries, while the largest altcoin Ethereum (ETH) has seen $ 7.8 million entry last week.
In the Bitcoin Short fund, which is indexed to the fall of BTC, unlike BTC and ETH, there was an outflow of $ 4.9 million this week.
These outflows last week were also reflected in altcoins. Solana (SOL) and XRP hit $0.2 million.
Looking at the regional fund inflows and outflows, Germany ranked first with a fund inflow of 85.5 million dollars, while the USA ranked second with 58.9 million dollars, and Canada took the third place with an inflow of 45.3 million dollars.
Germany and the USA were followed by Brazil with 8.5 million dollars and Switzerland with 1.8 million dollars. In the face of these exits, it was seen that there was an exit of 0.9 million dollars in Sweden.
*Not investment advice.
