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Notable spot Bitcoin ETF products that contributed heavily to the inflows include Fidelity and Ark 21Shares, which had $138 million and $102 million, respectively. Others include Bitwise ETF and BlackRock iShares, which had $67 million and $30 million, respectively. Grayscale Investments remained in the financial woods with a significant outflow of $65 million.
The United States remains in the leading position regarding exchanges, with the highest inflows in the past week. The U.S. recorded $277 million in inflows, compared to second-placed Switzerland's $63.4 million. However, exchanges in Germany, Sweden, Canada and Hong Kong saw outflows of $9.5 million, $7.8 million, $2.3 million and $1.3 million, respectively.Ethereum, the only altcoin with a spot ETF product, registered its fifth successive outflow, largely due to persistent outflows from Grayscale Trust. Other products have not recorded significant inflows to cancel out the outflows.Meanwhile, Solana has maintained consistency in its inflows. Last week, its total performance stood at $3.2 million.
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Source: CoinDesk - 🏆 291. / 63 Read more »