While Bitcoin was breaking record after record, a new ATH came and BTC exceeded $ 71,000 today. At this point, while investors were wondering whether the rises would continue, Coinshares published its weekly cryptocurrency report.
Stating that it experienced a record inflow of 2.68 billion dollars into cryptocurrency investment products last week, Coinshares said that the inflows are continuing.
When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.
BTC experienced inflows of $2.63 billion, representing close to 99% of all inflows, while the largest altcoin, Ethereum (ETH), saw outflows of $2.1 million.
The Bitcoin Short fund, which is indexed to the decline of BTC, also experienced an inflow of 11.2 million dollars.
When we look at other altcoins, Litecoin (LTC) experienced an inflow of $0.4 million, XRP $1.5 million, Solana (SOL) $23.6 million, and Polkadot (DOT) $2.7 million.
“Bitcoin has remained the focus of investors, seeing inflows of US$2.6 billion. Despite recent price increases, flows into short Bitcoin continue, with another US$11 million seen last week.
Solana, which has been subject to negative sentiment, saw inflows of US$24 million last week.
In contrast, Ethereum, which is on a much better footing in terms of year-to-date inflows, saw small outflows of $2.1 million last week.
Other notable entrants were Polkadot, Fantom, Chainlink, and Uniswap with $2.7 million, $2 million, $2 million, and $1.6 million respectively.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.79 billion dollars.
After the USA, Switzerland ranked second with an inflow of 20.6 million dollars, while Brazil ranked third with 17.5 million dollars.
In response to these inflows, Sweden experienced an outflow of 38.7 million dollars and Canada experienced an outflow of 34.9 million dollars.
*This is not investment advice.