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COINTURK NEWS > Cryptocurrency News > Crypto Asset Investments Continue to Attract Capital
Cryptocurrency News

Crypto Asset Investments Continue to Attract Capital

In Brief

  • Crypto investment products saw $646 million inflows last week.

  • Year-to-date inflows reached a record high of $13.8 billion.

  • Ethereum experienced outflows, while other altcoins gained investments.

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COINTURK NEWS 1 year ago
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Crypto asset investment products continued their positive trend with a total of $646 million in inflows last week. The inflows since the beginning of the year have reached their highest level at $13.8 billion. Ethereum, however, is experiencing noticeable outflows. Inflows into Solana, Filecoin, Litecoin, XRP, Cardano, and Polkadot are being observed.

Contents
Bitcoin Leads the Inflow RaceWhat is the Regional Sentiment?

Bitcoin Leads the Inflow Race

While Bitcoin remains the focal point with $663 million in inflows, short-focused Bitcoin investment products saw their third consecutive week of outflows, totaling $9.5 million. Ethereum has been the cryptocurrency with continued outflows for the fourth consecutive week, with $22.5 million leaving the market.

On the other hand, significant inflows into altcoins are being noted. Accordingly, Litecoin, Solana, and Filecoin attracted $4.4 million, $4 million, and $1.4 million in inflows, respectively.

What is the Regional Sentiment?

Regionally, sentiment continues to polarize. The United States saw an additional $648 million in inflows, while Brazil, Hong Kong, and Germany saw inflows of $10 million, $9 million, and $9.6 million, respectively.

Switzerland and Canada, on the other hand, experienced outflows of $27 million and $7.3 million, respectively.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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