While Ripple's victory over the SEC and the rise of XRP continue to be discussed in the crypto money industry, Coinshares has published its weekly crypto money report.
Stating that there was an inflow of $ 137 million in crypto money funds last week, Coinshares stated that the inflows continued in the fourth week.
“Cryptocurrency investment products saw a total inflow of $137.4 million last week.
The sum of entries over the last 4 weeks is US$742 million, representing the largest inflow of entries since the last quarter of 2021.”
Looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
While BTC had an inflow of $ 139.8 million last week, the largest altcoin Ethereum (ETH) saw an outflow of $ 1.6 million.
There was an outflow of $ 3.2 million in the Bitcoin Short fund, which was indexed to the fall of BTC.
“Bitcoin has seen entries totaling $140 million, accounting for 99% of all entries.
Short Bitcoin investment products, on the other hand, saw $3.2 million outflows in the 12th week.
The recent price increase in Ethereum was not followed by inflows with $2 million exits last week and remains the asset with the most exits to date.”
When we look at other altcoins, Solana (SOL) $ 0.5 million, XRP $ 0.1 million, Polygon (MATIC) $ 0.5 million, Litecoin (LTC) $ 0.3 million, Cardano (ADA) $ 0.1 million entry lived.
Looking at the regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 109.1 million dollars.
Canada ranks second after the USA with 28.3 million dollars; Switzerland took the third place with 3.3 million dollars.
Against these entries, Sweden is $2.4 million; Germany 0.5 million dollars; Brazil, on the other hand, experienced an outflow of 0.4 million dollars.
*Not investment advice.
