Posted 11/27/2023, 4:29:00 PM
Bitcoin Funds See $312M Inflows, Lead $346M Crypto Fund Gains As Bullish Sentiment Returns
- Digital asset funds saw $346M in net inflows last week, largest weekly amount in 2023, extending 9 consecutive weeks of inflows
- Bitcoin funds attracted most inflows at $312M; short BTC funds saw more outflows, signaling short-sellers are capitulating
- Bitcoin funds have seen over $1.5B in net inflows so far this year
- Ether funds saw $34M in inflows, marking a decisive turnaround in sentiment for the cryptocurrency
- Solana led altcoin funds with $3.5M inflows; Polkadot and Chainlink funds also saw minor inflows