Inflows into Ethereum funds since the beginning of the year reached a record $2.2 billion

From November 24 to 30, $270 million flowed into cryptocurrency investment funds. The positive trend continued for the eighth consecutive week, but significantly weakened compared to the previous reporting period, according to CoinShares.

The inflow since the beginning of the year amounted to a record $37.3 billion.

In the last week, investors withdrew $457 million from instruments based on the first cryptocurrency, breaking a streak of inflows.

[...] in our opinion, this is a profit-taking after Bitcoin tested the psychological level of $100,000,” the report states.

Funds based on Ethereum, on the contrary, experienced a 'sharp reversal' with an inflow of $634 million. Since the beginning of the year, the figure reached a maximum of $2.2 billion.

In XRP funds, clients also directed a record $95 million, which CoinShares analysts associate with the excitement surrounding the potential launch of an ETF based on the asset in the USA.

Recall that on December 2, XRP surpassed the $2.5 mark and entered the top 3 by market capitalization, overtaking the stablecoin USDT.

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