Crypto funds remain positive for the first time in 5 weeks

Cryptocurrency funds managed to close last week positive after a long time. While the funds saw inflows for the first time in 5 weeks, the figure was net $130 million. Bitcoin funds received a net investment of $144 million, while Ether funds, which have been positive in recent weeks, saw an outflow of $14.4 million this time. There was also strong investment in Solana funds.

Crypto funds remain positive for the first time in 5 weeks

Digital asset and cryptocurrency funds managed to see inflows after weeks. Funds closed last week with a plus of $130 million. Bitcoin funds again received the most investments, totaling $144 million. While $14.4 million came out of Ether funds, inflows of $5.6 million in Solana also attracted attention.

Outflows continue in Short Bitcoin

The “short Bitcoin” funds, which were opened to trade Bitcoin’s decline, netted $5.1 million this week, while the outflow of the last 8 weeks increased to $18 million.

Inflows continue in altcoin funds…

On the other hand, it is seen that this trend continues in altcoin funds that have received investments in recent weeks despite Bitcoin outflows. Polkadot funds received $1.2 million in investments, while the inflow to XRP funds was $600,000. LTC funds also closed the week with a positive figure of $100,000.

On a regional basis, US ETFs ended the week on top with $135 million, while Hong Kong ETFs, which have just opened to the world, were $19 million.

Outflows of $15 million from Germany ETFs and $20 million from Canada ETFs were also noteworthy.

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