Bitcoin Dominates as Inflows Surge in Crypto Investment Products

Cryptocurrency investment products experienced a surge in inflows last week, marking four consecutive weeks of gains. The latest report from CoinShares reveals that $882 million flowed into these funds. Bitcoin (BTC) emerged as the dominant force, attracting $867 million in inflows, while Ethereum (ETH) received comparatively smaller inflows of just $1.5 million. Other altcoins saw varying results; SUI led with a notable $11.7 million inflow, outpacing Solana’s performance and surpassing it in year-to-date flows as well. 2023 is shaping up to be a positive year for crypto investments with this recent influx of capital.