The preferences of cryptocurrencycurrency investors are shifting; according to CoinShares, $2.45 billion in inflows were registered to US-listed Bitcoin ETFs last week. All of them worked together to bring the money rush under control and ultimately back to the levels seen in December of the previous year.
Without a question, Bitcoin was the headliner, attracting an astounding $2.4 billion in inflows, while Ethereum’s efforts brought in $21 million. It’s interesting to see that $5.8 million was shorted for Bitcoin EFTs. At 99% of the total inflows, the United States of America led the geographical distribution category.
According to CoinShares, the growing popularity of spot-based exchange-traded funds has been a big factor in this development. That being said, it’s possible that a portion of investors are worried about the $167 million that was taken out of cryptocurrencycurrency funds.
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