🏃 Grab this Black Friday offer early. Get up to 55% off InvestingPro now!CLAIM SALE

CoinShares Report Reveals Investors’ Preference for Bitcoin

Published 07/02/2023, 08:30
Updated 07/02/2023, 08:45
© Mundo Crypto PR CoinShares Report Reveals Investors’ Preference for Bitcoin

  • The crypto market attracted $79 million in investments last week.
  • With $69 million in inflows, Bitcoin claimed 90% of total crypto investments in the past week.
  • Bitcoin remains the most preferred cryptocurrency product for investors.

A CoinShares report reflects Bitcoin as the primary focus of investors in the cryptocurrency market. CoinShares is a prominent digital assets management company in Europe.

According to the latest edition of CoinShares’ weekly report, investment products received $79 million in inflows in the past week. Out of this volume, Bitcoin claimed $69 million, representing 90% of the total inflows.

Ethereum, the second-largest cryptocurrency in market capitalization per multiple reports, was responsible for only $0.7 million of the weekly inflows. Other altcoins like Solana, Cardano, and Polygon attracted inflows of $0.5 million, $0.6 million, and $0.3 million, respectively.

This report by CoinShares is the fourth straight weekly inflow, culminating in a year-to-date period when the crypto market has attracted a significant $230 million in inflows. The report noted how this latest trend reshaped investors’ sentiments since the be…

The post CoinShares Report Reveals Investors’ Preference for Bitcoin appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.