Bitcoin started the new week weakly. At this point, the BTC price is at $98,000, while CoinShares released its weekly cryptocurrency report and said that there was a record inflow of $3.85 billion last week.
“Cryptocurrency investment products recorded a total of $3.85 billion in weekly inflows last week, breaking the record set a few weeks ago.”
Positive Mood Continues in Ethereum and XRP!
When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin.
While BTC saw an inflow of $2.5 billion, Ethereum (ETH) saw an inflow of $1.15 billion.
When we look at other altcoins, XRP experienced an inflow of $134 million, Litecoin (LTC) $2.1 million, Cardano (ADA) $5.2 million, and Solana (SOL) experienced an outflow of $14.1 million.
“Bitcoin saw inflows of $2.5 billion, bringing YTD inflows to $36.5 billion.
Ethereum sees its biggest weekly inflow on record at $1.2 billion, more than all ETF launches in July.
This comes in comparison to Solana, which saw a $14 million debut, marking the second consecutive week of debut for SOL.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 3.57 billion dollars.
After the US, Switzerland and Germany also experienced notable inflows with $159.5 million and $116.1 million respectively.
Against these inflows, Sweden and Hong Kong saw small outflows of $18.9 million and $5.1 million, respectively.
*This is not investment advice.
