The inflow of new money into digital currency investment products continued for the second week in a row, and bitcoin, the world’s largest digital currency in terms of market value, still had the highest inflow, reflecting positive market sentiment. However, some funds saw a sharp decline in cash flow during this period.
According to Kevin Desk, digital currency funds are facing cash flows for the second week in a row, and almost all of these new investments come from European funds.
A report released by CoinShares on Monday showed that digital currency investment funds received a net inflow of $ 180 million for the seven days to April 12. But Kevin Shears said that amount fell from $ 244 million in revenue last week.
About 99% of the entries went to European funds and the rest to US-based funds. According to the report, the cryptocurrency exchange group (ETC) had the largest cash flow this week, attracting $ 87 million in capital.
Also, the Purpose Bitcoin ETF, which had $ 16 million in outflows last week, also registered $ 43 million in outflows this week. This is the fourth week in which Perpoz Bitcoin has experienced a cash leak after raising $ 130 million in the week ending March 4.
Bitcoin Shortcake Investment Products, whose value has risen sharply in the market as bitcoin prices have fallen, reports the arrival of $ 9 million in new money, reflecting the negative sentiment of some investors.
Bitcoin-focused funds raised $ 144 million during this period, and $ 23 million was allocated to Atrium-focused funds. Solana-oriented funds also reported new cash flows of $ 8.2 million, a sharp drop of $ 87 million last week. Funds targeting Cardano raised $ 1.8 million, as they did last week.
Kevin Shears changed the inflow from $ 193 million last week to $ 244 million.
The publication Money in digital currency funds for the second consecutive week; Bitcoin is still the most popular currency, first appearing in digital currency.