CandleFocus Institutional Investors Break Record Again! They Purchased Huge Amounts of Bitcoin and These Four Altcoins!
2024-11-25
Author: Content Editor
According to CoinShares' weekly cryptocurrency report, there was a record weekly inflow of $3.13 billion into cryptocurrency investment products. This brings the total inflows to $15.2 billion since mid-September, with year-to-date inflows reaching a record $37 billion. The majority of the inflows were seen in Bitcoin, with $3.07 billion flowing into the cryptocurrency. Ethereum saw a smaller inflow of $2.8 million. Altcoins like XRP, Solana, Litecoin, and Chainlink also experienced inflows. In terms of regional fund inflows and outflows, the USA had the highest inflow of $3.2 billion, followed by Canada and Hong Kong. However, Sweden and Germany experienced outflows of $84.1 million and $39.8 million, respectively.
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