👋👋$159 million net outflow in crypto funds: Altcoins received investment 👋👋

Coinshares, Europe's largest digital asset management company, has published its weekly report. According to the report, the net outflow in crypto funds was determined as $159 million. Bitcoin, on the other hand, suffered a loss of $147 million.

Solana is Again Leading

While there was an outflow of $29 million from Ether funds, it was seen that altcoin funds received investment. Solana, which is the leader in this field, received a net investment of $5.3 million. XRP and ADA funds received a net investment of $300 thousand and $900 thousand, respectively.

Short-Bitcoin Inflows Continue

Short-Bitcoin funds, which attracted $8.8 million in investment the previous week, closed positively this week with $2.8 million.

The crypto ETF product that attracted the most investment of the week was BlackRock's iShares Bitcoin ETF with $135 million. In addition, BlackRock's Ether ETF became the third fund that received the most investment with a net inflow of $55 million.

On the other hand, ARK Invest's Bitcoin spot ETF was the worst performing fund of the week with a net sale of $207 million. Overall, crypto funds closed last week with a loss of $159 million. While Bitcoin funds were at the top in both inflows and outflows, Ether funds experienced sales. Altcoin funds, on the other hand, completed the week largely positively.

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