Institutional investors have shown a renewed interest in cryptocurrency investment products, with total inflows over the past week reaching $114m, marking the fourth consecutive week of inflows totaling $345m, according to CoinShares. The report notes that Bitcoin has captured the attention of investors, with inflows of $104m last week, bringing its total four-week run to $310m.
In contrast, Ethereum saw modest inflows of $300,000 despite the successful launch of the Shapella upgrade on mainnet. Altcoins have seen little activity, with the exception of Polygon, which recorded $2.1m in outflows last week.
Notably, the US and Germany led the way, contributing $58m and $35m, respectively, to the inflows. However, short Bitcoin positions saw inflows totaling $14.6m last week, indicating divided opinions among investors.
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