Bitcoin, Ether and altcoin funds close the week on a positive note: CoinShares report

Digital asset and cryptocurrency funds closed last week in positive territory. Overall, the funds received a net investment of $185 million and finished the week positive for the 4th consecutive week. While there were investments in many altcoin funds such as Bitcoin and Ether, there were also outflows from “short-Bitcoin” funds.

Bitcoin, Ether and altcoin funds close the week on a positive note: CoinShares report

CoinShares published its crypto fund report for the past week. According to the figures, crypto funds closed last week with a net investment of 185 million dollars. The biggest share belonged to Bitcoin, as always. Bitcoin funds ended the week with an investment of $ 148 million.

Ether shows signs of a comeback

Ether funds received $33.5 million in investments as funds closed the week in positive territory for the 4th consecutive week. ETH funds thus saw inflows for the 2nd week in a row. Before these two weeks, ETH funds had seen a total of 10 consecutive weeks of outflows, that is, sales. This also shows investors’ faith in ETH ETFs.

Strong investments in altcoins and Solana

Solana funds received $5.8 million, compared to $800,000 for XRP, $300,000 for Cardano and $1 million for Chainlink.

Exit from Short Bitcoins

On the other hand, there was a net outflow of 3.5 million dollars in “short-Bitcoin” funds investing in Bitcoin’s depreciation. This showed that the sentiment especially in ETF investors was positive.

Stocks saw sales

Despite all the positive sentiment in crypto funds, there were declines in the shares of blockchain-focused companies. These outflows totaled $7.2 million during the week and $516 million since the beginning of the year.

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