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Inflows into crypto resumed with $103m over the last week

cryptonews
Inflows into crypto resumed with 3m over the last week

Coinshares analysts published their following weekly report on financial flows in crypto products, according to which the influx of capital has resumed.

According to a report published by the Head of Research at Coinshares, last week from Dec. 18 to 24, the inflow into crypto products amounted to $103 million.

In geographical terms, the leaders in investment were Germany, Canada, and the USA, where the influx of money amounted to $41.6 million, $25.8 million, and $20.4 million, respectively.

As before, a significant capital inflow came from Bitcoin (BTC), amounting to $87.6 million. Analysts also observed minor inflows into short BTC for $0.4 million. The leader among altcoins was Ethereum (ETH), with an influx of $7.9 million.

Notably, analysts recorded a minor outflow of $16 million from cryptocurrency investment products last week. The negative dynamics can be explained by profit-taking rather than a change in sentiment, according to CoinShares.

Trading activity on the crypto market remained above the annual average, ending the week at $3.6 billion. The worst performers were products focused on Bitcoin. Of these, $33 million were withdrawn. The outflow from short positions on BTC amounted to $0.3 million.

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