Coinshares: $1.2B Crypto Inflow, Bitcoin Leads Fund Flows

Cryptocurrency investment products received $1.2 billion in inflows last week, marking the fourth consecutive positive week, according to a Coinshares report. Bitcoin surged above $79,000 before Asian market opening, though the move was short-lived, with BTC subsequently dropping to around $77,600.

Bitcoin Dominates Fund Inflows

Bitcoin captured the majority of inflows at $932.5 million, bringing year-to-date inflows to $4 billion. Bitcoin short positions also saw $16.5 million in inflows, indicating continued hedging demand, though at subdued levels.

Ethereum, the largest altcoin, received $192.4 million in inflows, marking the third consecutive week above $190 million.

Altcoin Inflow Activity

Among other altcoins, Solana (SOL) led with $31.8 million in inflows, followed by XRP with $25 million after last week’s price surge. Chainlink (LINK) recorded $6.8 million in inflows.

Regional Fund Distribution

Regionally, the United States led inflows with $1.08 billion. Germany ranked second with $61.7 million, and Switzerland third with $35.2 million.

Hong Kong experienced outflows of $1.3 million, while France, Italy, the Netherlands, and Sweden recorded smaller outflows.

This is not investment advice.