CoinShares, in its weekly cryptocurrency report, revealed that there was a modest inflow of $48 million in cryptocurrency investment products last week. However, there were large outflows later in the week due to stronger-than-expected macro data.
Bitcoin saw a total inflow of $214 million last week, making it the best performing asset with $799 million inflows since the beginning of the year. Ethereum, on the other hand, experienced an outflow of $256 million, suffering the most among digital assets.
Altcoins also saw inflows despite poor price performance. XRP had significant inflows of $41 million, driven primarily by political and legal factors. Other notable altcoins with inflows include Solana with $15 million, Aave with $2.9 million, Stellar with $2.7 million, and Polkadot with $1.6 million.
In terms of regional fund inflows and outflows, the USA ranked first with an inflow of $79 million, followed by Germany with $52.4 million. Switzerland, Hong Kong, and Sweden had outflows of $85.3 million, $36.6 million, and $33.2 million respectively.
Please note that this information is not investment advice.
