While the rise in Bitcoin causes the excitement of investors who have not seen any color other than red, who have been living in a bear market for a long time, inflows to institutional BTC and crypto money funds continue.
Publishing its weekly crypto money report, CoinShares said that with the fund inflow last week in crypto money products, there were inflows this week as well.
CoinShares reported in its report that crypto products saw inflows totaling $57 million last week.
“Last week saw entries totaling US$57 million.
Despite the positive mood among institutional investors, volumes remained low at $970 million during the week, indicating that investors remain cautious. "
Looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
Bitcoin experienced $56 million inflows, representing 98% of all entries.
The Bitcoin Short fund, which has been indexed to the decline of BTC, which has been entering in the past weeks, experienced an outflow of $ 0.6 million this week.
While the Shanghai upgrade was only a short time away, the largest altcoin Ethereum (ETH) saw an inflow of $ 0.6 million.
Apart from ETH, Ripple (XRP) and Polygon (MATIC) were seen registering $ 0.2 million entries.
Looking at regional fund inflows, the USA ranked first with $26.8 million, followed by Germany with $16.6 million.
Switzerland is in third place with $12.8 million in entries, while Canada is fourth with $16.6 million in entries.
Against these inflows, it was seen that there were 1.2 million dollars of exits in Sweden and 0.3 million dollars in Brazil.
*Not investment advice.