Bitcoin Dominates Cryptocurrency Market with Major Inflows

Cryptocurrency investment products saw a significant increase in growth last week, according to Coinshares' latest report. The report revealed that there were $117.8 million in inflows, marking the fifth consecutive week of positive growth.

Bitcoin (BTC) was the standout performer, with $192.1 million flowing into the asset. This brings the total inflows for BTC since the beginning of the year to $4.2 billion. In contrast, Ethereum (ETH) saw outflows of $81.6 million, ending a three-week streak of attracting over $190 million in inflows.

Other altcoins also experienced varying levels of activity. XRP saw a minor influx of $3 million, while Solana (SOL) and Chainlink (LINK) received smaller inflows. However, Litecoin (LTC) and Sui experienced outflows.