#CryptoMarketBouncesBack

Crypto Funds Resist: Bitcoin Begins to Close the Gap

Despite ongoing tensions in the Middle East, crypto funds continue to attract investment. Last week, funds received $1 billion in investments, marking the third consecutive week of inflows. Bitcoin funds accounted for 75% of the investments, beginning to recoup the losses from the five consecutive weeks of outflows seen three weeks prior.

Crypto funds saw inflows for the third consecutive week, receiving a net investment of $1.06 billion. Bitcoin stood out due to its safe-haven role. 75% of the inflows, totaling $793 million, went to Bitcoin funds. BTC funds, which have seen consecutive inflows over the past three weeks, collected $2.2 billion during this period. This has helped close the gap with the $3 billion negative trend from the five consecutive weeks of outflows seen three weeks ago.

Ether funds also saw a significant inflow of $315 million. Ether funds have thus reversed their negative trend seen since the beginning of the year, turning it to neutral, at least for now. (-$23 million)
Altcoins Quiet

Altcoin funds had a relatively quiet week. Solana 9, SUI 3.1, and LINK funds each received $2.7 million in investments. However, outflows from XRP funds continued, with a significant amount of $76 million withdrawn.

Short-Bitcoin funds also saw a considerable inflow of $8.1 million.

Regionally, the most investment was seen in the US, accounting for 96%.
‍$SUI $LINK $SOL