Unstoppable Bitcoin Reigns Supreme With Incredible Inflows, Dominating Altcoins Like Uniswap, Polkadot, Polygon
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 (CRYPTO: BTC) 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.
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Seven altcoins saw minor inflows with Uniswap (CRYPTO: UNI), Polkadot (CRYPTO: DOT), and Polygon (CRYPTO: MATIC) leading the pack.
Despite the Shapella upgrade on the Ethereum (CRYPTO: ETH) network on April 12, inflows have been relatively minor at $0.6 million.
Blockchain equities experienced minor inflows of $2.1 million.
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