Bitcoin remains the only focus for investors with weekly tributaries of $ 104 million: report

Bitcoin remains the only focus for investors with weekly tributaries of $ 104 million: report
Bitcoin continued its upward trend when the inflows of Digital Asset Management products reached $ 114 million last week. According to the latest data from the Coinshares Report, the broader investment class has a 4-week episode of tributaries of $ 345 million.
The market fully corrected the previous 6-week series of drainage of a total of $ 408 million.
Bitcoin on the front
The only focus of the investors was on Bitcoin, as the tributaries of $ 104 million prove. The improved mood was accompanied by a low market volume. Coinshares quoted “an escape to security” by investors who are afraid of the current state of traditional finances.
The opinions remain divided, however, since Short Bitcoin also recorded considerable tributaries of $ 14.6 million, the report argued.
Despite the successful start of the Shapella upgrade from Ethereum,altcoins showed little activity. The ether inflows were limited to just $ 0.3 million last week. A similar trend was observed at Litecoin, which recorded tributaries of $ 0.2 million. During the same period, ADA and XRP recorded inflows of $ 0.1 million each.
The weekly drains of Solana and polygon, on the other hand, achieved $ 2.1 million.
In the meantime, the tributaries for blockchain shares have risen to a level that was no longer seen after the fateful collapse of the FTX led by Sam Bankman Fried. Last week's latest data recorded tributaries of $ 5.8 million, which is due to the latest increase in price that has managed to catapult the overall assets to almost $ 2 billion-the highest level since October 2022.US regulatory atmosphere
The US authorities have examined the investment class in more detail. The Securities and Exchange Commission (SEC) and the Ministry of Finance have expressly focused on decentralized financing (Defi). Nevertheless, there were tributaries for investment products for digital assets in most regions. In the past week, however, the United States dominated the charts with $ 58 million.
Behind it follows Germany with tributaries of $ 35.4 million, followed by Canada with $ 17.2 million and Switzerland with $ 6.6 million.
In the meantime, Proshares has emerged with the largest inflow of $ 57.3 million. This is followed by Coinshares Physical with $ 11.3 million, followed by 3IQ with $ 10.4 million.
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