While there has been a huge rise in Bitcoin and altcoins after Trump's victory, inflows into cryptocurrency investment products continue.
At this point, CoinShares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week.
“While inflows in cryptocurrency investment products reached $2.2 billion last week, inflows since the beginning of the year have reached a record level of $33.5 billion.
While there was an inflow of $3 billion in the first half of the week, there was a total outflow of $866 million in the second half of the week, as Bitcoin prices reached a historical peak.
Positive Trend Continues in Bitcoin and Altcoins!
When looking at crypto funds individually, it was seen that the fund inflows were in Bitcoin.
While BTC saw an inflow of $1.48 billion, Ethereum (ETH) saw a major change, with an inflow of $646 million.
Inflows also increased in the Bitcoin Short fund, which is indexed to the fall of BTC, with an inflow of $48.5 million.
When we look at other altcoins, XRP saw an inflow of $4.3 million, Solana (SOL) $23.9 million, and Cardano (ADA) $3.4 million.
“Bitcoin saw $1.48 billion inflows, but after this latest record price, investors have invested $49 million in short Bitcoin investment products.
Ethereum appears to have broken its downward trend, seeing an inflow of $646 million, likely due to a combination of Justin Drake’s Beam Chain network upgrade proposal and the recent US elections.
Solana also saw inflows of $24 million.”
When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.2 billion dollars.
Hong Kong came in second after the United States with $27 million.
Against these inflows, Sweden experienced an outflow of $58.1 million and Brazil $10.5 million.
*This is not investment advice.
