CoinShares sucks in $226 million in crypto this week

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According to the latest report from CoinShares, in the past week, cryptocurrency investment products saw an inflow of 226 million USD, indicating that investor sentiment is positive but still cautious. After four consecutive weeks of capital outflows, totaling 1.7 billion USD, Altcoins recorded their first inflow of 33 million USD. The main beneficiaries were Ethereum with 14.5 million USD, Solana 7.8 million USD, XRP 4.8 million USD, and Sui 4 million USD.

Bitcoin attracted 195 million USD in capital during the past week, while short-term Bitcoin investment products experienced an outflow of 2.5 million USD for four consecutive weeks. Due to the recent price decline, the total assets under management of global Bitcoin ETPs have dropped to 114 billion USD, the lowest level since the US election.

Regarding regional data, the United States, Switzerland, and Germany saw inflows of 204 million USD, 14.7 million USD, and 9.2 million USD respectively, while Hong Kong and Brazil experienced small outflows of 2.1 million USD and 1.3 million USD. This content is solely for market information purposes and does not constitute investment advice.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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