CoinShares, Europe’s largest digital asset management company, published its weekly crypto fund report. Bitcoin funds, which investors generally preferred by far, this time lagged behind Ether funds. While a net $176 million entered the funds, analysts said in the report, “Investors saw recent price weakness as a buying opportunity.”

Ether funds were the fund group that received the most investment with a net $155 million, while this figure was only $13 million for Bitcoin funds.

The biggest exit in Short Bitcoin since May 2023

Price declines were reflected in the “short Bitcoin” funds in the direction of outflows, not inflows. While $16.2 million came out of the funds, this figure also corresponded to more than 20% of the total asset value. Solana funds received the most investment in altcoin funds with $4.5 million.

With $700 thousand, the funds of XRP, whose lawsuit was finalised and whose $125 million fine was seen positively by the market, were in second place. Cardano funds received $600 thousand and LTC funds received $100 thousand.

BlackRock is at the top in every aspect

The BlackRock effect was also clearly seen in the most invested funds of the week. The most invested fund was BlackRock’s iShares Bitcoin fund ($219 million), while the iShares Ethereum fund ($188 million) was in second place.

The Grayscale Bitcoin fund raised $395 million.