The encryption funds are witnessing a recovery in demand, as they record $ 2 billion in net flow last week – the third week in a row of gains – while recovering encrypted currency prices.
This reaches a total of three weeks to 5.5 billion dollars, which reflects approximately $ 6 billion in the external flows that were seen earlier this year, according to the latest digital asset fund flows. a report From Crypto Asset Manager Coinshares.
Recovery appears to be driven by high prices and morale after a long period of frequency in the market. The flows flow from one year to another at $ 5.6 billion, while the total of management assets (AUM) increased to $ 156 billion-the highest level since mid-February.
Bitcoin captured the lion’s share of flows, attracted $ 1.8 billion despite the recent sales signals. But the gathering has also withdrawn short sellers, with a total of Habboudia’s positions of $ 6.4 million-more than this since December.
Ethereum followed $ 149 million in the new capital, adding to $ 187 million in the previous week. Solana saw 6 million dollars. However, XRP was also an important role here.
XRP, Tezos shine between Altcoin investment. See flows
The money related to other encrypted currencies, including XRP and Tezos, attracted $ 10.5 million and $ 8.2 million, respectively. Looking at the modern deposits of the launch of the additional funds circulating in the altcoin exchange, these numbers can grow more, including the recent deposit of the Vaneck BNB ETF. XRP also has suspended investment funds, which appeared shortly after Ripple ended its legal battle with the Securities and Stock Exchange Committee (SEC)
The products that offer exposure to Solana attracted about $ 6 million during the past week, while those who offer exposure to investors have seen investors allocating about $ 300,000.
At the regional level, the United States formed the bulk of flows at $ 1.9 billion, with slight but noticeable contributions from Germany ($ 47 million), Switzerland ($ 34 million), and Canada ($ 20 million). Participation from multiple areas may reflect a global increase in institutional interests.
Blockchain stock also witnessed a renewed benefit, achieving $ 15.9 million. Although these flows are smaller than size, it indicates that some investors seek to expose the ecosystems system beyond products based on the distinctive symbol.
Shares offers allow investors to obtain exposure not to individual symbols, but for the growth of the space by obtaining shares of cryptocurrencies, exchange or infrastructure providers, for example.
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