Crypto inflows resume as $103m pours in over the past week

Coinshares analysts have released their latest weekly report on financial flows in crypto products, indicating that capital inflows have resumed.

According to the report, published by the Head of Research at Coinshares, the inflow into crypto products reached $103 million during the week of December 18th to 24th.

In terms of geographical distribution, Germany, Canada, and the USA were the leaders in investment, with inflows of $41.6 million, $25.8 million, and $20.4 million, respectively.

Bitcoin (BTC) continued to be a significant source of capital inflow, contributing $87.6 million. Analysts also noticed minor inflows into short BTC, amounting to $0.4 million. The leading altcoin in terms of inflow was Ethereum (ETH), which received $7.9 million.

Interestingly, analysts recorded a minor outflow of $16 million from cryptocurrency investment products last week. However, this negative trend is attributed to profit-taking rather than a change in sentiment, according to CoinShares.

Trading activity on the crypto market remained higher than the annual average, reaching $3.6 billion by the end of the week. Products focused on Bitcoin experienced the largest outflows, with $33 million being withdrawn. The outflow from short positions on BTC amounted to $0.3 million.

For more information, read the article “Small BTC investments boost returns and diversify portfolios, says CoinShares.”