Bitcoin (BTC) and altcoins are trying to shake off the aftermath of Friday’s massive crash. After the sharp and sudden declines, the market has begun to recover, and this recovery is expected to continue.
While investors continue to closely monitor market developments despite the recovery, CoinShares released its weekly cryptocurrency report and stated that $3.17 billion in inflows occurred last week.
Bitcoin Outperforms Ethereum and Altcoins!
When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin.
While Bitcoin experienced an inflow of $2.67 billion, Ethereum (ETH) experienced an inflow of $338 million.
Looking at other altcoins, Solana (SOL) saw an inflow of $93.3 million, XRP $61.6 million, Sui (SUI) $2.3 million, and Chainlink (LINK) $3.2 million.
“Bitcoin saw inflows of $2.67 billion for the week, pushing year-to-date inflows to a new high of $30.2 billion, but still well below the $41.7 billion seen in 2024.
Ethereum saw inflows worth $338 million last week, but outflows totaling $172 million on Friday were the most of any digital asset.
This suggests that investors view Ethereum as the most vulnerable asset in this correction.
Despite the hype surrounding the upcoming Solana and XRP US ETF launches, inflows declined to $93.3 million and $61.6 million, respectively.
When looking at regional fund inflows and outflows, the USA ranked first with an inflow of $3.01 billion.
Following the USA, Switzerland had an inflow of $132 million and Germany $53.5 million.
Against these inflows, Sweden experienced an outflow of $22 million and Hong Kong $9.1 million.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/critical-report-released-for-bitcoin-ethereum-and-altcoins-after-fridays-crash-whats-the-latest/
