The influx of capital is due to the increase in the cost of cryptocurrencies. At the same time, Bitcoin gave up his positions, while altcoins, in particular, were strengthened.
Over the past week, the funds for the first cryptocurrency were marked with a clean influx of capital at $ 790 million. CoinShares experts noted the slowdown in these products: over the past three weeks, the average volume of the net influx of funds in Bitcoin-ETF was $ 1.5 billion.
The broadcast funds showed a positive dynamics of 11 weeks. Among the countries the leader remained the United States – $ 1.025 billion of a pure weekly influx of funds. At the same time, in Sweden, Canada, Brazil and Hong Kong, the outflow of capital was recorded, CoinShares analysts said.
Among the funds themselves, only two funds were noted – the funds of Grayscale Investments and Coinshares. ISHHARES is still the leader, BlackRock’s subsidiary.
Earlier, experts of 10x Research said that over the past year, large holders of the first cryptocurrency sold at least 500,000 bitcoins, which indicates the redistribution of capital. The share of corporate players is growing, which makes the asset more predictable.
Source: Bits

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