Bitcoin (BTC), Ethereum (ETH), and altcoins have regained their upward momentum in recent days.
While this upward momentum is expected to continue, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $882 million last week.
“Cryptocurrency investment products saw $882 million inflows last week, marking four consecutive weeks of gains, bringing year-to-date inflows to $6.7 billion.”
Bitcoin dominates!
When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin.
While BTC saw an inflow of $867 million, Ethereum (ETH) saw an inflow of only $1.5 million.
When we look at other altcoins, SUI experienced an inflow of $11.7 million, XRP experienced an inflow of $1.4 million, while Solana (SOL) experienced an outflow of $3.4 million.
“Bitcoin dominated inflows last week, pulling in $867 million globally. Despite Ethereum’s sharp price increase, inflows over the past week have been relatively dull at just $1.5 million. Sui has outperformed major altcoins, attracting $11.7 million in inflows last week and outperforming Solana in YTD flows. Year to date, Sui has pulled in $84 million, surpassing Solana’s $76 million.”
Regional Fund Inflows and Outflows
When looking at regional fund inflows and outflows, the USA ranked first with an inflow of $840 million. After the USA, Germany had an inflow of $44.5 million and Australia had an inflow of $10.2 million.
Against these inflows, Sweden experienced an outflow of $12 million and Canada an outflow of $8 million.
*This is not investment advice.