U.Today - According to the latest financial report by CoinShares, the cryptocurrency market has a significant influx of funds across various digital assets.
Bitcoin (BTC) remains the top gainer, with a reported weekly flow of $87.6 million, contributing to a year-to-date (YTD) increase of $1.8 billion, per data available up to Dec. 23.
Ethereum (ETH), Solana (SOL) and Cardano (ADA) also reported positive inflows. This indicates a continued interest in a diversified range of cryptocurrencies beyond the leading digital currency.
Top cryptocurrencies by inflow
, the pioneering cryptocurrency, leads the charge with impressive inflows that overshadow its counterparts.The digital asset's performance is a significant contributor to the total weekly inflow of $102.7 million into cryptocurrency funds.
trails with a weekly inflow of $7.9 million, while Solana and Cardano follow suit, registering inflows of $6.0 million and $1.0 million, respectively.
Among the providers, Grayscale Investments LLC maintained a steady position with no new inflows or outflows, while CoinShares XBT saw a decrease in weekly flows by $9.8 million.
However, 21Shares AG and Purpose Investments Inc ETF showed robust growth, with 21Shares leading the monthly inflow with $34.4 million.
Leading countries by inflows
In terms of geographical distribution, emerged as the frontrunner with a weekly inflow of $25.8 million into crypto funds, contributing to a significant YTD growth of $494 million.Germany and the United States also showed strong performance with weekly inflows of $41.6 million and $20.4 million, respectively.
Notably, Sweden experienced a downturn with a weekly outflow of $8.7 million. The flow of funds across these countries underscores the global nature of the cryptocurrency market and reflects varying investor sentiment in different regions.