The cryptocurrency market witnessed a significant influx of investments last week, as notable factors played a key role in shifting investor sentiment.
Bitcoin investment products were the main leader in last week’s fund flow, attracting $419 million in net inflows, according to data from CoinShares.
Ethereum investment products experienced net outflows of $9.8 million globally, indicating lingering concerns among investors about the asset’s near-term outlook.
US-based funds dominated the inflows, contributing $406 million to the total $407 million inflows recorded last week.