Join Our Telegram channel to stay up to date on breaking news coverage
Inflows into crypto investment products reached $1.76 billion in the past 10 weeks, the highest since October 2021, when the launch of a futures-based ETF (exchange-traded fund) buoyed sentiment, CoinShares said.
Bitcoin Inflows Lead As Crypto Inflows Reached $176 Million Last Week
Bitcoin (BTC) dominated inflows last week with $133 million while short-bitcoin inflows rose to $3.6 million following a three-week run of outflows.
Ethereum received the next biggest inflows, reaching $31 million for a five-week run of $134 million, turning its flows positive for the first time this year. Solana took fourth place, after multi-asset, with $4.3 million.
Canada Leads Crypto Inflows, Followed By Germany
Canada led the pack with $79 million in inflows, while Germany followed with $57 million. The US took third place, recording $54 million in inflows.
Also Read:
- Institutional Traders Increase Bitcoin And Ether Holdings, Remain Skeptical on Altcoins, Bybit Says
- Bitcoin Price Prediction: BTC Crashes Through $41K Barrier After 11% Surge That Underscores The Massive Potential Of This Bitcoin Cloud Mining Platform
- Lawmaker Tom Emmer Slams US Treasury Department Following Crypto Crackdown Proposal, Says It Wants ”Surveillance State”
- Grayscale Bitcoin Trust Discount Shrinking And Investors Back New Bitcoin ETF Token With $2M As Sellout Nears And SEC Approval Bets Mount
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage