Bitcoin (BTC), Ethereum (ETH) and altcoins have begun to recover after the sharp declines in recent weeks.
While BTC and altcoins have seen significant increases in the last seven days, BTC broke a new record over the weekend.
While this rise is expected to continue in the coming days, CoinShares published its weekly cryptocurrency report and stated that there was an inflow of $5.95 billion last week.
Cryptocurrency investment products attracted $5.95 billion in investment last week due to the delayed response to weak employment data and concerns about the stability of the U.S. government.
Bitcoin Reaches the Peak, Positive Sentiment in Altcoins Continues!
When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin.
While Bitcoin experienced an inflow of $3.55 billion, Ethereum (ETH) experienced an inflow of $1.48 billion.
When we look at altcoins, the positive atmosphere continues, with Solana (SOL) experiencing an inflow of $706 million, XRP $219 million, and Sui (SUI) $3.4 million.
Bitcoin saw a record weekly inflow of $3.55 billion, and although prices approached all-time highs throughout the week, investors chose not to buy short instruments.
A total of $1.48 billion worth of inflows were seen into Ethereum last week, bringing year-to-date (YTD) total inflows to a record $13.7 billion, nearly three times the level of last year.
Solana also broke its weekly record last week, seeing $706.5 million in inflows, bringing year-to-date inflows to $2.58 billion.
XRP also saw significant inflows of $219.4 million last week, but other altcoins saw very little inflow.”
When looking at regional fund inflows and outflows, the USA ranked first with an inflow of $5 billion.
After the USA, Switzerland came in second with $563 million in inflows, and Germany came in third with $311 million in inflows.
Against these inflows, Sweden experienced an outflow of $8.6 million.
*This is not investment advice.