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Bitcoin Remains the Sole Focus for Investors With $104M Weekly Inflows

According to a CoinShares report, digital asset management product inflows hit $114 million last week, with Bitcoin continuing its bullish streak. However, short Bitcoin also witnessed significant inflows of $14.6 million last week. Altcoins showed little activity despite the successful launch of Ethereum’s Shapella upgrade, with Ether inflows constricted to just $0.3 million last week. Inflows for blockchain equities have soared to levels not seen since the collapse of Sam Bankman-Fried-led FTX, with inflows of $5.8 million last week, bringing total assets under management close to $2 billion. The US dominated the chart with $58 million in the past week, followed by Germany with $35.4 million, Canada with $17.2 million, and Switzerland with $6.6 million. ProShares had the most significant inflow of $57.3 million. (cryptopotato)

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