This time Ether surpassed Bitcoin: Investors took it from the bottom
While Bitcoin advantage is generally seen in investments in crypto funds, it is seen that there is almost an attack on Ether in last week's figures. While the funds were invested in a net of $176 million, Bitcoin funds received 13, Ether funds and $155 million.
Europe's largest digital asset management company CoinShares has published its weekly crypto fund report. Bitcoin funds, which investors often prefer by far, are this time behind Ether funds. As net $176 million entered the funds, analysts said in the report, “Investors saw price drops as a major buying opportunity.”
Ether funds were the fund group that received the most investments with a net of 155 million dollars, while for Bitcoin funds, this figure was only $13 million.
The biggest breakout in Short Bitcoin since May 2023
Price drops were also reflected in the “short Bitcoin” funds in the exit direction, not the input. While the funds increased $16.2 million, this figure also corresponded to more than 20% of the total asset value. Solana received the most investment in Altcoin funds with $4.5 million.
With $700 thousand, the funds of XRP, whose lawsuit resulted in and a 125 million dollar penalty was seen as positive by the market, were also in second place. Cardano funds received an investment of 600 thousand dollars and LTC funds received an investment of 100 thousand dollars.
BlackRock is at the top in every way
The BlackRock effect was also clearly seen in the most invested funds of the week. The most invested fund was BlackRock's iShares Bitcoin fund ($219 million), while the iShares Ethereum fund ($1888 million) was in second place.
$395 million came out of the Grayscale Bitcoin fund.
