As Bitcoin and altcoins continue to be negatively affected by tensions between the US, Israel and Iran, Coinshares released its weekly cryptocurrency report and said that $1.24 billion in inflows occurred last week. “While $1.24 billion worth of inflows were made to cryptocurrency investment products for the 10th consecutive week, inflows since the beginning of the year reached a record level of $15.1 billion.” Bitcoin Becomes the Focus Again! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. While BTC experienced an inflow of $1.14 billion, positive sentiment also dominated Ethereum (ETH), with an inflow of $123.8 million. When we look at other altcoins, XRP experienced an inflow of $2.7 million, Solana (SOL) experienced an inflow of $2.8 million, and Sui (SUI) experienced an outflow of $0.5 million. “Bitcoin saw its second consecutive week of inflows totaling $1.1 billion despite the recent price correction, suggesting investors are buying on weakness. Ethereum has recorded its 9th consecutive weekly inflow, totaling $124 million, bringing the cumulative total of this streak to $2.2 billion. This marks the longest inflow streak since mid-2021 and reflects continued strong investor sentiment towards the asset. Other notable inflows were Solana ($2.78 million) and XRP ($2.69 million). When looking at regional fund inflows and outflows, the USA ranked first with an inflow of 1.25 billion dollars. After the USA, Canada had an inflow of $20.9 million and Germany had an inflow of $10.9 million. Against these inflows, Hong Kong had an outflow of $32.6 million and Sweden had an outflow of $14.9 million. *This is not investment advice. Continue Reading: Weekly Critical Data Announced: Here Are the Critical Data for Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL)!
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