Weekly Bitcoin Inflows Totaled $126M as Institutions Keep 'Buying the Dip

More than half a billion dollars has been invested in exchange-traded Bitcoin funds since the start of the year, with $126 million of it flowing into ETPs last week, according to Coinshares.

“Ethereum continues to suffer, with another week of outflows totaling US$32m,” wrote James Butterfill, Coinshares’ director of research.dhaka “Ethereum has endured 9 straight weeks of outflows implying enduring negative investor sentiment.”

But more broadly, digital asset investment products saw net inflows totaling $100 million last week. That’s because the Bitcoin and multi-asset product inflows of $4.3 million were offset by investors pulling money out of Ethereum-based funds.

 

It shows there’s a stark contrast in sentiment among investors when it comes to the two most popular cryptocurrencies.bangladesh

On Monday, Bitcoin and Ethereum were up slightly from Sunday. BTC was trading at $31,314.94, up 5%, with a market cap of $597 billion, according to CoinMarketCap. Meanwhile, ETH was up 2% to $1,862.94, with a market cap of $225 billion.