CandleFocus $3,124,000,000 Hits Bitcoin ETFs In Largest Weekly Inflows on Record: CoinShares
2024-11-25
Author: Content Editor
Institutional investors invested over $3 billion in crypto products last week, according to CoinShares. This marks a new inflow record for institutional crypto investment products. The US led globally with $3.2 billion in inflows, while Germany, Sweden, and Switzerland saw a combined outflow of $141 million. Positive sentiment was observed in Australia, Canada, and Hong Kong with inflows of $9 million, $31 million, and $30 million, respectively. Bitcoin accounted for the majority of profits at $3 billion, while Solana surpassed Ethereum with $16 million in inflows. Other cryptocurrencies like XRP, Litecoin, and Chainlink also saw significant inflows. Multi-asset investment vehicles brought in $10.5 million in inflows.
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