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Bitcoin Finally Positive After 17 Days: Institutions Are Avoiding Altcoins Again! - Coin Bulletin
The five-week outflow series in digital asset investment products has come to an end, and a total inflow of 644 million dollars has been recorded.
According to CoinShares data, the five-week exit series in investment products focused on digital assets ended last week, with an inflow of 644 million dollars recorded. Since March 10, the total amount of assets has increased by 6.3%, and positive turnaround in the market was observed after a 17-day exit period, with inflows occurring every day of the week.
US investors are once again in a leading position
The majority of the inflows into digital asset investment products were based in the United States. The $632 million inflow from the U.S. accounted for a significant portion of the total inflows. Inflows from Switzerland, Germany, and Hong Kong were $15.9 million, $13.9 million, and $1.2 million respectively.
Bitcoin (BTC) is leading the way
Bitcoin has started to recover the $5.4 billion loss after a five-week outflow, recording an inflow of $724 million last week. However, there was still an outflow in short-Bitcoin products, with a total fund outflow of $7.1 million.
Ethereum (ETH) and exits continue in these altcoins
Ethereum has become the digital asset with the highest loss, with an exit of 86 million dollars. Exits also continued in altcoins like Sui (1.3 million dollars), Polkadot (1.3 million dollars), Tron (0.95 million dollars), and Algorand (0.82 million dollars). On the other hand, Solana (SOL) achieved an inflow of 6.4 million dollars, while Polygon (MATIC) and Chainlink (LINK) recorded smaller inflows of 0.4 million dollars and 0.2 million dollars, respectively.