Altcoins

Corporate Whales Bought Large Amounts of Bitcoin and These Altcoins Last Week! Here Are Their Preferred Altcoins!

Bitcoin, which started the day with a decline, is trading below $ 69,000. While BTC was moving around $69,000, Coinshares head of research James Butterfill published his weekly cryptocurrency report.

Stating that it experienced an inflow of 862 million dollars into cryptocurrency investment products last week, Coinshares said that the outflows experienced last week have recovered.

“Cryptocurrency investment products experienced an inflow of $862 million last week. With these inflows, there was also a recovery for Bitcoin ETFs.”

A recovery for Bitcoin ETFs, with US$862m inflows last week pic.twitter.com/D1OWUSdGIU

— James Butterfill (@jbutterfill) April 1, 2024

When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin.

BTC experienced more inflows than all inflows combined, recording an inflow of $865 million.

While the largest altcoin, Ethereum (ETH), experienced an outflow of $18.9 million, the Bitcoin Short fund, which was indexed to the decline of BTC, experienced an outflow of $2 million.

When we look at other altcoins, Solana (SOL) is 6.1 million dollars, Polkadot (DOT) is 2.4 million dollars, Cardano (ADA) is 1.1 million dollars, Litecoin (LTC) is 0.2 million dollars, XRP is 0.3 million dollars. experienced entry.

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 897 million dollars.

After the USA, Brazil ranked second with 2.9 million dollars.

Against these inflows, Canada received 20.3 million dollars; Switzerland experienced an outflow of 15.6 million dollars.

*This is not investment advice.

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