🔥🔥Grand Entry into Crypto Investment Products🔥🔥
Last week, $1.35 billion inflows were recorded into crypto-based investment products. The total inflow amount reached 3.2 billion dollars in the last three weeks. Bitcoin, the most popular cryptocurrency, stood out with an inflow of $1.27 billion. Ethereum became the most invested altcoin this year with an inflow of 45 million dollars, leaving Solana behind.
ETP (Exchange-Traded Product) transaction volumes increased by 45% compared to the previous week, reaching 12.9 billion dollars. However, this represents a 22% lower share of the overall crypto market volume. Regionally, the US and Switzerland saw significant inflows, while Brazil and Hong Kong experienced minor outflows.
Bitcoin showed an inflow of $1.27 billion last week. However, short-focused Bitcoin ETPs experienced an outflow of $1.9 million, marking a total outflow of $44 million since March. While Solana attracted attention with an entry of 9.6 million dollars, it has seen a total entry of 71 million dollars since the beginning of the year. Litecoin stood out with an entry of $2.2 million last week.
Unlike tokens, blockchain-based stocks experienced an outflow of $8.5 million last week. This showed that although they were outperforming world stock indices, investors' interest was waning.
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