Cryptocurrency funds had a net inflow of 533 million dollars last week. This figure pointed to the peak of the last 5 weeks. While Bitcoin funds received a net investment of $543 million, outflows of $35.7 million in Ether funds also attracted attention.

Most of the inflows on Friday

In the report prepared by CoinShares analysts, it was stated that most of the entries were during and after Powell’s speech on Friday. As it is known, Powell gave the message that action will be taken on interest rate cuts in September in his speech in the town of Jackson Hole on Friday.

Altcoin funds remained low

The performance of altcoin funds, which have seen serious inflows in recent weeks, remained low last week. While Solana funds received only $100 thousand, LTC funds received $500 thousand, XRP funds received $300 thousand and ADA funds received $300 thousand.

‘Short Bitcoin’ funds, which invested in Bitcoin’s decline, received an investment of $1.7 million.

Outflows again in Grayscale

The leader of the week in Bitcoin spot ETFs was BlackRock again. The IBIT fund was by far the top with $318 million. The closest fund was Fidelity’s Wise Origin ETF. The Fidelity fund received $ 87 million in investment. On a weekly basis, there were outflows of $87 million from Grayscale’s Bitcoin fund and $ 118 million from the Ether fund.