Crypto funds received more than $103 million

Coinshares has published a weekly report on the flow of funds in crypto funds. From December 17 to December 23, 2023, there was an inflow of capital into these funds in the amount of $103 million. This is a restoration of positive dynamics after the outflow last week.

CoinShares analysts have published a report on the movement of financial flows in cryptocurrency exchange-traded products (ETFs). During the period from December 17 to December 23, 2023, the inflow of funds amounted to $103 million.

Let us remind you that last week experts recorded a capital outflow of about $16 million.

According to a CoinShares report, most of the financial inflows came from Bitcoin-based products. The capital inflow for this position was $86.7 million.

As for Ethereum, it is in second place in the weekly report. During the period from December 17 to December 23, 2023, the inflow of funds into instruments based on this asset amounted to $7.9 million.

We have improved our performance and products related to the Solana blockchain. Over the past reporting period, they received funding in the amount of $6 million.

Instruments based on Litecoin and Avalanche faced an outflow of funds. In the first case, analysts recorded an outflow of $400,000, in the second - $2.6 million.

At the regional level, Germany took first place in terms of investment volume with $41.6 million. This is followed by Canada, where the inflow into crypto funds amounted to $25.8 million. The United States took third place with $20.4 million.

The only country where analysts recorded an outflow of capital from cryptocurrency ETFs was Sweden. In the period from December 17 to December 23, this figure amounted to $8.7 million.

Let us remind you that we previously wrote that 24 projects attracted $176.1 million in investments over the past week.