- The crypto market attracted $79 million in investments last week.
- With $69 million in inflows, Bitcoin claimed 90% of total crypto investments in the past week.
- Bitcoin remains the most preferred cryptocurrency product for investors.
A CoinShares report reflects Bitcoin as the primary focus of investors in the cryptocurrency market. CoinShares is a prominent digital assets management company in Europe.
According to the latest edition of CoinShares’ weekly report, investment products received $79 million in inflows in the past week. Out of this volume, Bitcoin claimed $69 million, representing 90% of the total inflows.
Ethereum, the second-largest cryptocurrency in market capitalization per multiple reports, was responsible for only $0.7 million of the weekly inflows. Other altcoins like Solana, Cardano, and Polygon attracted inflows of $0.5 million, $0.6 million, and $0.3 million, respectively.
This report by CoinShares is the fourth straight weekly inflow, culminating in a year-to-date period when the crypto market has attracted a significant $230 million in inflows. The report noted how this latest trend reshaped investors’ sentiments since the be…
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