From 21 to 27 January, cryptocurrency investment products received $117m - the highest since July 2022. These figures were cited by CoinShares analysts.
The trading volume amounted to $1.3 billion - 17% higher than the average level since the beginning of the year.
Most activity was concentrated in bitcoin funds - investors invested $116 million in this type of products. Structures which allow to open shorts on the first cryptocurrency recorded an inflow of $4.4 million.
Outflows from products based on various altcoins amounted to $6.4m. The negative dynamics continued for the ninth week in a row.
Altcoins recorded a positive trend. Ethereum-based products raised $4.2m, Polkadot raised $1m, XRP and Cardano raised $0.6m each and Avalanche raised $0.5m.
Overall, altcoins predominantly saw inflows. Ethereum-based products attracted $2.3m, Solana attracted $1.1m and Polygon attracted $0.2m. BNB- and XRP-based instruments experienced outflows of $0.4m and $0.2m, respectively.
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