Inflow of money into digital currency funds for the second week in a row; Bitcoin is still the most popular currency

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 inflows, reflecting positive sentiment in the market. However, some funds have seen a sharp decline in cash flow during this period.

To Report Kevin Desk, digital currency funds for the second week in a row, and it can be said that almost all of these new investments were related to European funds.

A report released by CoinShares on Monday shows that investment funds in digital currencies saw a net inflow of $ 180 million in the seven days to April 12. However, Kevin Shears said that amount was down 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) experienced the largest cash inflow this week, attracting $ 87 million in capital.

Also, the Purpose Bitcoin ETF, which had $ 16 million in outflows last week, also recorded $ 43 million in outflows this week. This is the fourth week that Perpoz Bitcoin has experienced a cash outflow since raising $ 130 million in the week ending March 4.

Bitcoin short investment products, whose value increases in the opposite direction of the market and with the decrease in the price of Bitcoin, saw the arrival of $ 9 million in new money, which shows the negative feelings of some investors.

Bitcoin-focused funds have raised $ 144 million during this period, and $ 23 million has been allocated to Atrium-focused funds. Solana-centric funds also saw $ 8.2 million in new cash inflows, down sharply from $ 87 million last week. Cardano-focused funds raised $ 1.8 million, as they did last week.

Kevin Shears changed last week’s inflow of $ 193 million to $ 244 million.