While the leading cryptocurrency Bitcoin has been following a horizontal course in recent weeks, it has been oscillating between $ 67,000 and $ 68,000.
While the overall upward expectation in the market continues, Coinshares published its weekly cryptocurrency report.
Stating that there was an inflow of 185 million dollars in cryptocurrency investment products last week, Coinshares said that the inflows from the beginning of the year to date have exceeded the limit of 15 billion dollars.
Sentiment on Ethereum (ETH) Has Changed!
When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
While BTC experienced an inflow of $148 million, the largest altcoin Ethereum (ETH) experienced a major turnaround and experienced an inflow of $33.5 million this week.
There was an outflow of $3.5 million in the short BTC fund indexed to the decline of Bitcoin.
When we look at other altcoins, Solana (SOL) experienced an inflow of $5.8 million, Chainlink (LINK) $1 million, and Litecoin (LTC) $0.6 million.
“Bitcoin saw a total inflow of $148 million, while short-bitcoin saw a total outflow of $3.5 million for another week, indicating that sentiment among ETF investors remains positive.
Ethereum saw inflows for a second week following the approval by the SEC of a spot ETF expected to launch in July 2024.
This represents a turnaround in investor sentiment regarding ETH, which previously experienced a total outflow of $200 million over 10 weeks.
This positive news for Ethereum also affected Solana, which recorded another $5.8 million inflow last week.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 130 million dollars.
After the USA, Switzerland ranked second with 36.8 million dollars, and Canada ranked third with 24.6 million dollars.
Against these inflows, Sweden received 5.1 million dollars; Brazil, on the other hand, experienced an outflow of 4.4 million dollars.
*This is not investment advice.