Weekly Critical Data Announced: Here Are the Critical Data for Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL)!
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.
