While Bitcoin and altcoins started the new week, in which critical data will be announced, with a decline, Coinshares published its weekly cryptocurrency report.
Coinshares, which stated that cryptocurrency investment products had an inflow of $176 million last week, said that investors saw the decline as an opportunity.
“A total of $176 million inflows were seen into cryptocurrency investment products as investors saw the recent price weakness as a buying opportunity.
Ethereum has been the biggest beneficiary of the recent market correction.”
Ethereum (ETH) is Clearly Ahead!
When looking at individual crypto funds, it was seen that the majority of fund inflows were in Ethereum.
ETH saw an inflow of $155.4 million, while Bitcoin (BTC) saw an inflow of $13 million.
There was an outflow of $16.2 million in the Bitcoin Short fund, which was indexed to the fall of BTC.
When we look at other altcoins, Solana (SOL) saw an inflow of $4.5 million, while Litecoin (LTC) saw small inflows of $0.1 million, Cardano (ADA) $0.6 million, and XRP $0.7 million.
“Ethereum has been the crypto that has benefited the most from the recent market correction, seeing $155 million in inflows last week.
This took year-to-date inflows to $862 million, the highest level since 2021, driven largely by the recent launch of U.S. spot ETFs.
Bitcoin started the week with outflows but has seen significant inflows in recent days, bringing total weekly inflows to $13 million.
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 89 million dollars.
Switzerland came in second after the United States with $21.3 million, and Brazil came in third with $19.9 million.
*This is not investment advice.
