Kryptodata

  • Market Cap: $2,081,669,947,935.98
  • 24h Vol: $59,436,658,217.41
  • BTC Dominance: 48.66%
Investors shift focus from Bitcoin funds to Ether and XRP in the crypto market

Investors shift focus from Bitcoin funds to Ether and XRP in the crypto market

Bitcoin-related investment products experienced outflows of $13 million in the past week, marking the first week of outflows since Blackrock filed for a spot Bitcoin ETF in June. This reversal comes after five weeks of bullish inflows. In contrast, Ether and XRP investment products saw a combined inflow of $9.2 million during the same period. Ether investment products were the best performer with inflows of $6.6 million, while XRP funds recorded an inflow of $2.6 million. Altcoins Solana and Polygon also saw inflows of $1.1 million and $0.7 million, respectively. Bitcoin remains the dominant digital asset investment product, with $558 million in inflows so far in 2023 and a total of $25.0 billion in assets under management, accounting for 67.4% of the total market share.

You have not selected any currency to display