Bitcoin (BTC) started the new week by reaching a record high. The BTC price attracted attention by rising above $ 106,000. CoinShares published its weekly cryptocurrency report and announced that there was a record inflow of $ 3.2 billion into cryptocurrencies last week.
"Last week, there were $3.2 billion worth of inflows into cryptocurrency investment products, the 10th consecutive week of inflows. Total inflows so far this year have reached a significant figure of $44.5 billion."
When investments made in crypto funds were examined, it was seen that inflows into Bitcoin had a large share. While BTC received inflows worth $ 2 billion, Ethereum (ETH) saw inflows worth $ 1.08 billion.$ETH
In other altcoins, XRP received $145 million in inflows, Litecoin (LTC) $2.2 million, Polkadot (DOT) $2.2 million, Cardano (ADA) $1.9 million, and Solana (SOL) $1.7 million.
"Bitcoin saw a total of $2 billion in inflows, bringing total inflows since the US election to $11.5 billion. Short Bitcoin products saw $14.6 million worth of inflows following the price increases."
Ethereum has seen $1 billion inflows for the 7th week, bringing the total inflow to $3.7 billion during this period. This indicates a significant improvement in market sentiment.
XRP saw $145 million inflows amid growing hopes for a U.S.-listed ETF, while Polkadot and Litecoin saw inflows of $3.7 million and $2.2 million respectively.
When looking at regional fund inflows, the US ranked first with an inflow of $3.13 billion. Switzerland and Germany followed, respectively. Switzerland had significant inflows of $35.6 million and $32.9 million, respectively.
In contrast to these inflows, Sweden experienced a small outflow of $19 million.