COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

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Institutional investors have redirected their focus to cryptocurrency investment products. According to CoinShares’ weekly report, a total of $644 million flowed into digital asset investment tools last week. This shift occurred after a five-week streak of continuous outflows, indicating a notable turnaround in investor sentiment and suggesting a market rebound.

Significant Inflow from the US

The “Digital Asset Fund Flows Weekly Report” by CoinShares highlighted that the $644 million influx was predominantly from the United States. The US alone accounted for $632 million of this investment, positioning it at the center of institutional investor interest.

Europe also contributed significantly, with Switzerland adding $16 million, Germany $14 million, and Hong Kong $1.2 million. The company noted a 6.3% increase in total assets under management since reaching a low level on March 10. This growth reflects a renewed positive outlook among investors towards the market.

Bitcoin Sees Record Investment

The report indicated that Bitcoin $86,821 experienced the highest investment inflow, with $724 million entering Bitcoin investment products weekly. This surge highlights a regained confidence in Bitcoin after five weeks of outflows, signaling a significant shift in investor sentiment.

Other cryptocurrencies also saw limited positive contributions, with projects like Solana $139, Polygon, and Chainlink $15 gaining some interest, albeit at lower levels. This trend suggests that investors are cautiously re-engaging with alternative cryptocurrencies.

Despite the overall positive trend, some cryptocurrency investment products continued to see outflows. Ethereum $2,053 recorded an outflow of $86 million last week, indicating that investors remain cautious towards certain major altcoins.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.



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