Unstoppable Bitcoin Reigns Supreme With Incredible Inflows, Dominating Altcoins Like Uniswap, Polkadot, Polygon

Zinger Key Points
  • Bitcoin dominates with $56M inflows in digital asset investment products.
  • Positive sentiment for digital assets spreads across U.S., Germany, Switzerland and Canada.

According to data, digital asset investment products saw inflows totaling $57 million last week, bringing flows back to a net inflow position year-to-date.

The U.S. saw the most inflows at $27 million, while Germany, Switzerland and Canada also experienced inflows of $17 million, $13 million and $2.2 million, respectively.

Despite the positive sentiment, volumes were low at $970 million for the week, and global Bitcoin BTC/USD exchange market volumes were just 25% of the year-to-date average at $18 billion for the week.

The primary focus of the inflows was Bitcoin with $56 million in inflows representing 98% of all inflows.

Also Read: BRICS World Currency Takeover: Is This The End Of Traditional Money?

Seven altcoins saw minor inflows with Uniswap UNI/USD, Polkadot DOT/USD, and Polygon MATIC/USD leading the pack.

Despite the Shapella upgrade on the Ethereum ETH/USD network on April 12, inflows have been relatively minor at $0.6 million.

Blockchain equities experienced minor inflows of $2.1 million.

Read Next: FTX's Meteoric Ascent And Downfall: New Report Details Extensive Arrogance And Greed

Photo: Shutterstock

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