This week, critical economic data from the US will be monitored in Bitcoin.
While the data is expected to create volatility on the price, Coinshares published its weekly cryptocurrency report and said that there was an inflow of $3.4 billion last week.
“Cryptocurrency investment products saw a total of $3.4 billion inflows last week. This was the largest inflow since mid-December 2024 and the third largest on record.”
Bitcoin Took the Big Share!
When looking at individual crypto funds, it was seen that Bitcoin ranked first in inflows.
While BTC experienced an inflow of $3.18 billion, Ethereum (ETH) experienced an inflow of $183 million.
When we look at other altcoins, XRP experienced an inflow of $31.6 million, SUI experienced an inflow of $20.7 million, while Solana (SOL) experienced an outflow of $5.7 million.
“Bitcoin was the main beneficiary, attracting $3.18 billion inflows last week. Following an 8-week streak of outflows, Ethereum saw an inflow of $183 million last week. Interestingly, Solana was the only altcoin to see an outflow last week, seeing a total outflow of $5.7 million. Altcoins saw little activity, with the exception of Sui and XRP, which saw inflows of $20.7 million and $31.6 million respectively.
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 3.3 billion dollars. After the US, Germany and Switzerland experienced inflows of $51.5 million and $41.4 million respectively. In the face of these inflows, Canada and Brazil experienced small outflows.
*This is not investment advice.
