These Whales Can’t Get Enough! They Bought Bitcoin, Ethereum, and Two Altcoins, Then Sold XRP!
2 min read
Bitcoin (BTC) and altcoins have started the new week on the upside. At this point, BTC broke records and surpassed $123,000 for the first time in its history. While this momentum is expected to continue throughout the week, CoinShares published its weekly cryptocurrency report and stated that there was an inflow of $3.7 billion last week. Record-Breaking Momentum: Weekly inflows into cryptocurrency investment products reached $3.7 billion, the second-highest level on record. Total assets under management reached a new high of $211 billion. Record in Bitcoin and Ethereum! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. While BTC experienced an inflow of $2.73 billion, positive sentiment prevailed in Ethereum (ETH), with an inflow of $990 million. Looking at other altcoins, Solana (SOL) experienced an inflow of $92.6 million and Sui (SUI) $3.5 million, while XRP experienced an outflow of $104 million. Bitcoin saw $2.7 billion in weekly inflows, bringing its total asset value to $179.5 billion. This equates to 54% of the total asset value held in gold ETPs for the first time. Ethereum recorded a total inflow of $990 million for the 12th consecutive week, making it the 4th largest inflow on record. Comparatively, Ethereum’s inflows over the last 12 weeks account for 19.5% of its assets under management, compared to 9.8% for Bitcoin. XRP had its biggest weekly outflow at $104 million, while Solana saw a strong inflow at $92.6 million. When looking at regional fund inflows and outflows, the USA ranked first with an inflow of $3.78 billion. Following the USA, Switzerland had an inflow of $65.8 million and Canada $17.1 million. Against these inflows, Germany experienced an outflow of $85.7 million and Sweden an outflow of $15.7 million. *This is not investment advice. Continue Reading: These Whales Can’t Get Enough! They Bought Bitcoin, Ethereum, and Two Altcoins, Then Sold XRP!
Source: BitcoinSistemi
