Bitcoin ($BTC) has exceeded $80,000 for the first time in a while, and the market is expected to move in either direction.
As investors become cautious, CoinShares released its crypto report, saying it had $117.8 million in inflows last week.
“Cryptocurrency investment products saw inflows of $117.8 million, marking the fifth consecutive week of positive growth.”
However, total weekly inflows mask four days of outflows, which were reversed by Friday’s strong trading.
Bitcoin ($BTC) We will continue to be strong!
Looking at individual virtual currency funds, inflows are concentrated in Bitcoin. $BTC saw inflows of $192.1 million, while Ethereum (ETH), the largest altcoin, saw outflows of $81.6 million.
Looking at other altcoins, XRP saw an inflow of $3 million, Solana (SOL) saw an inflow of $11.1 million, and Chainlink (LINK), Litecoin (LTC), and Sui saw small outflows.
“Bitcoin received $192.1 million in inflows, bringing year-to-date total inflows to $4.2 billion.”
Ethereum saw $81.6 million in outflows, ending a three-week streak of attracting inflows of more than $190 million.
Looking at regional capital inflows and outflows, the United States ranked first with an inflow of $47.5 million.
After the United States, Germany was second with inflows of $43.8 million, and Canada was third with $16 million.
In response to these inflows, smaller spills occurred in Sweden, Italy, and the Cayman Islands.
*This is not investment advice.
