Technology Bitcoin, ethereum see strong inflows in latest week -CoinShares data

Technology Bitcoin, ethereum see strong inflows in latest week -CoinShares data. Weekly data from CoinShares shows that the two largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, had strong inflows last week, bringing investment in the field to $489 million, the highest level since February.

At 441.7 million U.S. dollars per week, the highest this year is 4.2 billion U.S. dollars. The world’s largest digital currency experienced record deviations every week last week. Data shows that Ethereum received a capital inflow of 30.2 million US dollars last week, and reached a record of 13.9 billion US dollars in 2021.

This year’s inflow was 5.45 billion US dollars.Ethereum hit an all-time high of US$3,530 on Tuesday, and its market value increased to US$393 billion, but fell 2.4% to US$3,353. Petr Kozyakov, co-founder and CEO of the global payment network, said:

Technology Bitcoin
Technology Bitcoin

“The main reason for the growth of (Ethereum) seems to be the increase in the number of developers building DeFi applications on the platform, and the increasing interest from institutions. Mercury.

DeFi is an encrypted platform that facilitates borrowing outside of traditional banking institutions. Other cryptocurrencies such as Polkadot, Binance and Cardano have lower inflows. As of April 30, Graycale is still the largest digital currency management company with a scale of 49.3 billion U.S. dollars, up from 41 billion U.S. dollars last week.

CoinShares, Europe’s second and largest digital asset management company, has controlled approximately US$5.8 billion in assets as of last week, up from US$5 before.