Bitcoin (BTC) broke new records last week, rising above $111,000.
While the new ATH in BTC also brought a rise to Ethereum (ETH) and altcoins, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $3.3 billion last week.
“Inflows into cryptocurrency investment products reached $3.3 billion last week. Since the beginning of this year, inflows have reached a record $10.8 billion.”
Bitcoin (BTC) Takes the Lead!
When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin.
While BTC experienced an inflow of $2.97 billion, the positive sentiment continued in Ethereum, with an inflow of $326.2 million.
When we look at other altcoins, SUI experienced an inflow of $2.9 million, Solana (SOL) experienced an inflow of $4.3 million, while XRP experienced an outflow of $37.2 million.
“Bitcoin took the lead with inflows of $2.9 billion, accounting for a quarter of total inflows in 2024.
Ethereum saw inflows of $326 million, the most in 15 weeks, and gained for the fifth week in a row as sentiment continued to improve.
XRP’s remarkable 80-week run of inflows has ended with the largest outflow on record, worth $37.2 million.”
When looking at regional fund inflows and outflows, the USA ranked first with an inflow of 3.22 billion dollars.
After the USA, Germany had an inflow of $41.5 million and Hong Kong had an inflow of $33.3 million.
Against these inflows, Switzerland experienced an outflow of $16.6 million and Sweden $12.1 million.
*This is not investment advice.
