“Bitcoin accounted for $398 million of the $441 million total net inflow last week. CoinShares noted that it was unusual for BTC to represent only 90% of the total. Among altcoins, Solana stood out, with SOL-related products recording $16 million. 🚀
CoinShares shared these flows with the bankrupt crypto exchange Mt. Gox began paying creditors and the German government's law enforcement agency moved large amounts of bitcoin to exchanges. Investors saw this as a buying opportunity, CoinShares said. However, this sentiment was not reflected in blockchain stocks, which have seen outflows of $8 million for a total of $556 million since the beginning of the year. 😅
So, is it unusual that BTC only represents 90% of the total? Or is this a sign that altcoins are on the rise? We are waiting your comments! 😎👇#DeFi#Web3"