Bitcoin Stall as Ethereum Leads $286M Weekly Crypto Investment Inflow
Bitcoin pauses and XRP stalls again, as Ethereum surprisingly leads crypto investment fund flows with a cumulative weekly inflow surpassing $300 million.
James Butterfill, Head of Research at CoinShares, disclosed the cryptocurrency investment funds’ weekly flow in a blog post on Monday. The report shows that these vehicles, which offer exposure to digital assets, recorded a net inflow of $286 million in the previous week.
The positive flow extends the streak of crypto investment products to seven weeks, with their last outflow in mid-April. Remarkably, the funds have accrued a total of $10.9 billion during this impressive run, bringing the year-to-date total to $11.13 billion.
Ethereum Dethroned Bitcoin Last Week
Typically,…
