While Institutional Whales Continue Selling Ethereum, They Invested in a Surprise Altcoin!

While the leading cryptocurrency Bitcoin exceeded $ 72,000 again during the day, Coinshares published its weekly cryptocurrency report.

Stating that it experienced an inflow of 646 million dollars into cryptocurrency investment products last week, Coinshares said that the positive atmosphere continues.

“Cryptocurrency investment products saw continued positive sentiment with inflows totaling US$646 million last week. Year-to-date inflows of US$13.8 billion are the highest ever.”

“Bitcoin Continues to Be the Focus!”

When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.

While BTC experienced an inflow of $663 million, the largest altcoin, Ethereum (ETH), saw an outflow of $22.5 million.

There was also an outflow of $9.5 million in the Bitcoin Short fund, which was indexed to the decline of BTC.

When we look at other altcoins, Litecoin (LTC) experienced an inflow of $4.4 million, filecoin (FIL) $1.4 million, and Solana (SOL) $4 million.

filecoin

“Bitcoin remains in focus with total inflows of $663 million, while the short Bitcoin fund saw outflows totaling $9.5 million for the 3rd week in a row, indicating a small capitulation from bearish investors.

Ethereum üst üste 4. Haftada da çıkış yaşarken son hafta toplam 22,5 milyon doları tutarında çıkış gördü. Bu, giriş görmeye devam eden diğer altcoinlerin çoğunun aksine bir durum olurken, Litecoin, Solana ve filecoin sırasıyla 4,4 milyon ABD Doları, 4 milyon ABD Doları ve 1,4 milyon ABD Doları tutarında giriş gördü.”

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 648 million dollars.

After the USA, Brazil ranked second with 9.8 million dollars.

Against these inflows, Switzerland received 27.3 million dollars; Canada, on the other hand, experienced an outflow of 7.3 million dollars.

*This is not investment advice.