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Last Week, $490 Million Inflow to Bitcoin... $15 Million to Ripple

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JOON HYOUNG LEE
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  • It was reported that approximately $486 million flowed into Bitcoin last week.
  • Ripple saw an inflow of $14.7 million, recording the second-highest inflow among altcoins.
  • It was stated that $30 million was withdrawn from Ethereum last week.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Last week, approximately $490 million (about 700 billion KRW) flowed into Bitcoin (BTC).

According to the 'Digital Asset Fund Flows Weekly Report' released by the cryptocurrency asset management company CoinShares on the 3rd (local time), $486 million flowed into Bitcoin last week. On a cumulative basis for this year, $4.879 billion has flowed into Bitcoin.

Last week, $30 million was withdrawn from Ethereum. During the same period, Ripple recorded an inflow of $14.7 million. Since the beginning of the year, $105 million has flowed into Ripple, ranking second among altcoins after Ethereum ($177 million).

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gilson@bloomingbit.ioCrypto Journalist