The anticipated CoinShares report was just published, revealing the details of an epic week for cryptocurrency investors. The past week saw significant interest in ETFs, and today, if BTC is above $65,000, ETFs have a substantial share. However, everything is just getting started.
Cryptocurrency Report
As every Monday, today we are analyzing the CoinShares report. Last week, there was a net inflow of $1.84 billion through crypto investment products. As expected, 94% of this came from investors based in the USA. Along with the second-largest weekly entry of the year, a record level of $30 billion in volume was also reached.
Moreover, the total size of crypto investment products reached $82.6 billion. After roughly $3.5 billion more in net growth, the all-time high level of November 2021 will be reached. 94% of the inflows were into Bitcoin, representing a part of $1.72 billion. As for altcoins, the situation is as follows;
- Ethereum saw its largest weekly inflow since mid-July 2022, with $85 million.
- Polygon (MATIC) surprisingly saw an inflow of $7.6 million, which is quite high, accounting for 22% of the investment product’s total value.
- Solana (SOL) experienced an outflow of $12 million.
The Short Bitcoin fund, on the other hand, saw an inflow of $22 million.
