Crypto investment products recorded their biggest weekly inflows since July 2022 as market sentiment rose on the prospect of spot Bitcoin ETF (exchange-traded fund) approvals.<\/p>\n
Digital asset investment products saw inflows of US$326 million last week, said <\/span>CoinShares<\/span><\/a> in a report. <\/span><\/p>\n
The largest inflows were from Canada, Germany, and Switzerland, with their totals of $134 million, $82 million and $50 million, respectively, it said<\/span><\/p>\n
The US accounted for only 12%, or $38 million, of the inflows, with Asia having an inflow of $28 million, it added.<\/span><\/p>\n
![\"CoinShares](\"https:\/\/coincu.com\/wp-content\/uploads\/2022\/06\/coinshare-dot-xtz.jpg.webp\")
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Bitcoin received the majority of the inflows as investors poured $296 million into BTC. Short-Bitcoin investment products also recorded inflows of $15 million following the cryptocurrency’s 68% <\/span>increase<\/span><\/a> over the past year.<\/span><\/p>\n
But alt coins also received a significant volume of inflows, with Solana (<\/span>SOL<\/span><\/a>) leading the charge. The Layer-2 project amassed $24 million in inflows, with this trend carrying over to many other smaller-capped cryptocurrencies. Ethereum (ETH), on the other hand, recorded another $6 million in <\/span>outflows during the same period.<\/span><\/p>\n
![\"Best](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/06\/Best-Wallet.svg\")
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