Coinshares publishes weekly reports on investment and drainage in cryptocurrency, while Bitcoin dominates the market and Ethereum records drains.

Coinshares publishes weekly reports on investment and drainage in cryptocurrency, while Bitcoin dominates the market and Ethereum records drains.
Coinshares regularly publishes weekly reports that offer a concise summary of the investment and drainage in various cryptocurrency products. These reports are extremely valuable for investors and enable them to understand the current trends on the cryptom market.
According to James Butterfill, the research manager at Coinshares, these investment volumes contribute to a growing proportion of the entire cryptocurrency trade volume. In the past week, this proportion amounted to astonishing 11 %, which is well above average of 2 %.
Another important aspect that is emphasized in the current report is the continuing dominance of Bitcoin on the market for digital assets. The tributaries in Bitcoin plant products were $ 140 million and made up for 99 % of all inflows. This illustrates the continued attractiveness of Bitcoin as an investment option.
An interesting aspect of the report is that Ethereum did not record the corresponding increase in inflows, although the price has also increased. In fact, there were $ 2 million outflows. Ethereum thus confirmed its status as a asset with the highest drains this year. In contrast, old coins such as Solana, Polygon and Litecoin recorded minor inflows between $ 0.3 and $ 0.5 million
In terms of the geographical distribution of the access and drainage, North America and in particular the United States were the greatest recipients of tributaries in digital investment products. The United States recorded tributaries of $ 109 million, while Canada had $ 28 million. On the other hand, there were minor outflows in Europe, which indicates either a more careful mood or possible profit from investors in the region. However, Switzerland, which recorded slight inflows in digital assets, was an exception.
The weekly reports of Coinshares offer a valuable summary of investment trends in cryptocurrency products. They give insights into the dynamics of the market and help investors make well -founded decisions. It will be exciting to observe how the cryptocurrency market will develop in the coming weeks and months and whether the current trends are continuing.