🚀🚀Crypto funds break weekly record: There are significant inflows to 4 altcoin funds 🚀🚀
Europe's largest digital asset management company, Coinshares, has published its weekly crypto fund report. Crypto funds closed with a net investment of $3.1 billion last week, making the largest weekly investment of all time. The total net investment made since the beginning of the year has reached $37 billion.
While Bitcoin funds received a net investment of $3 billion, the investment made in Ethereum$ETH
funds was only $2.8 million.
Significant Investments in Altcoins
Significant investments made in altcoins in crypto funds also drew attention. Solana funds received $16.2 million, XRP$XRP
funds received $15.2 million, Litecoin funds received $4.1 million, and Chainlink funds received $1.3 million in net investment. Cardano, the rising altcoin of recent weeks, also received $700,000 in net investment.
Investments in short Bitcoin funds did not go unnoticed. These funds received $48 million last week and $10 million in net investment this week. However, as Bitcoin's$BTC
rise continued, investors who opened short positions continued to lose.
The highest investment in spot ETFs in the US was made to BlackRock funds. iShares' Bitcoin and Ether ETFs received a total inflow of $2.1 billion. Fidelity ETFs raised $773 million in investment, while ARK Invest funds attracted $300 million in investment.
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