Bitcoin (BTC) broke new records last week, rising above $111,000.
BTC's new ATH has also risen to Ethereum (ETH) and altcoins, but Coinshares released a weekly cryptocurrency report, saying it had an influx of $3.3 billion last week.
“Inflows into cryptocurrency investment products reached $3.3 billion last week. Since the beginning of this year, the inflow has reached a record $10.8 billion.”
Bitcoin (BTC) takes the lead!
Looking at individual cryptocurrency funds, we found that the majority of the inflows are in Bitcoin.
BTC experienced an influx of $2.97 billion, but positive sentiment continued at Ethereum, with the influx of $326.2 million.
Looking at other altcoins, SUI has experienced an influx of $2.9 million. Solana (SOL) experienced a $4.3 million inflow, while XRP experienced a $37.2 million outflow.
“Bitcoin took the lead with a $2.9 billion inflow, accounting for a quarter of the total inflow in 2024.
Ethereum won the $326 million inflow the most in 15 weeks, and its emotions continued to improve for the fifth consecutive week.
XRP's notable 80-week inflow ended with the biggest record worth $37.2 million. ”
Looking at the inflows and outflows of regional funds, the US was first ranked with an inflow of $3.22 billion.
After the US, Germany's inflow was $41.5 million and Hong Kong's inflow was $33.3 million.
In response to these influxes, Switzerland experienced a $16.6 million outflow and Sweden experienced a $12.1 million outflow.
*This is not investment advice.
