CoinShares, Europe’s largest digital investment company, released its report on fund inflows and outflows over the past week. There were net inflows of $441 million into crypto funds, of which $398 million went into Bitcoin funds.

“Unusual” inflows into altcoins

In their report, CoinShares analysts also drew attention to inflows into altcoins. It was stated that 90% of the inflows were to Bitcoin funds, even if this figure was high, the remaining 10% was also unusually high for altcoins:

“Bitcoin saw US$398m inflows but unusually represented just 90% of total inflows as investors chose to invest across a much broader set of altcoins. Most notable of which was Solana, seeing US$16m last week, bringing year-to-date (YTD) inflows to US$57m, making it the best performing altcoin from a flows perspective.”

Other important funds that received investments were Litecoin with $900,000, XRP with $400,000, Polkadot with $200,000 and Cardano with $100,000.

On the other hand, there were inflows of $500,000 thousand to “short Bitcoin” funds in the week when Bitcoin fell sharply.

Regionally, the US was the jurisdiction with the highest inflows with $384 million. The closest region was Hong Kong with $32.3 million.