Cryptocurrency funds also closed last week with a profit and received a net investment of $2.7 billion. For the 11th consecutive week, the funds showed an increase, providing a total net inflow of nearly $17 billion in the first half of the year. XRP stood out among altcoin funds outside of Ether.
According to the weekly report published by CoinShares, cryptocurrency funds attracted a net investment of $2.7 billion in the last week. Thus, the funds completed the 11th consecutive week positively. Additionally, the total net investment in the first half of the year reached $16.9 billion.
"Geopolitical risks and monetary policy uncertainty were influential."
CoinShares analysts stated that the positive investment trend is based on Bitcoin being preferred as a safe haven. Analysts expressed that the increase in geopolitical risks and the uncertainty of monetary policy in the USA are the most important factors strengthening investor demand.
XRP became the leader among altcoin funds of the week.
While 83% of positive investments are directed to Bitcoin funds, BTC funds provided a net inflow of $2.2 billion. Ether funds received an investment of $429 million. Among altcoin funds outside of Ether, XRP was the most invested area of the week with an inflow of $10 million. XRP funds attracted $3 million last week and $12 million the week before.
Solana funds received $5.3 million, Sui funds received $1.4 million, while LINK funds had an inflow of $800 thousand, and ADA funds received $700 thousand.
Exits from short-Bitcoin funds continue.
Exits from short-Bitcoin funds that invest in Bitcoin's value loss continued this week as well. The funds ended the week with an outflow of $2.9 million. The total outflow amount since the beginning of the year has reached $12 million.
The most investment in the funds again occurred in BlackRock’s iShares ETFs. These products attracted a total net investment of $1.5 billion. Fidelity ranked second with $504 million, while ARK Invest came in third with $268 million.
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