Ethereum attracted the largest investment among all crypto funds in a week

Investors have shown interest in cryptocurrencies amid a decline in the market and have invested $ 74 million in products based on them over the past week, according to a new report from CoinShares.

Investors have shown interest in cryptocurrencies amid a decline in the market and have invested $ 74 million in products based on them over the past week, according to a new report from CoinShares. Ethereum-based products were the most popular - they attracted about 27% of all investments. At the same time, the outflow of capital from bitcoin continues. For 7 days, his funds lost $ 4 million. Also, such coins as Cardano, Polkadot and XRP were in demand among investors. They raised $ 5.2 million, $ 3.8 million and $ 4.5 million, respectively. Ethereum attracted the largest investment among all crypto funds in a week CoinShares analysts note that the last week was positive in terms of capital inflows, after assets were leaving funds for two weeks. The net outflow for these two weeks amounted to $ 151 million, or 0.34% of the total capital of crypto funds. Bitcoin funds lost $ 246 million in three weeks, while other cryptocurrencies continued to attract investments. Since the beginning of the year, the inflow of funds to bitcoin funds remains positive and amounts to $ 4.4 billion. For ether, this value is $ 973 million, despite the superiority at the last stage. “The rate correction did not have a big impact on investment flows. Funds transfers indicate the continued popularity of altcoins. The data also suggests that Proof-of-Stake coins are in the highest demand, ”wrote CoinShares. According to statistics from CoinGecko, Ether is now the second most traded asset on the crypto market after Tether and outperforms Bitcoin. The turnover of the leading coins in 24 hours amounted to $ 106.3 billion, $ 38.6 billion and $ 33 billion, respectively.

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