In a recent report by CoinShares, it was noted that Bitcoin faced a net outflow of $33 million in the past week, amid a rising tide of altcoin enthusiasm.

Reportedly, investment products had a significant net outflow of $32.8 million, while another segment faced a lesser withdrawal of $4.3 million.

Bitcoin In contrast, altcoins have been on the rise, drawing $21 million in inflows, with the biggest winners including Ethereum, XRP, and Chainlink, which attracted $3 million, $2.7 million, and $2 million, respectively. Ethereum Blockchain-themed stocks enjoyed a strong week, receiving a net influx of $122 million.

In the U.S. and Germany, there were notable crypto outflows, while Canada and Switzerland balanced the scales with their inflows. Solana ($10.6 million), Cardano Regionally, the outflow trend was predominantly seen in the U.S., where $18 million was withdrawn, and Germany also faced some reductions totaling about $10 million.

However, the consistent inflows coming from Canada and Switzerland, totaling $6.9 million and $9.1 million respectively, helped counterbalance these losses. This mixed regional flow appears more indicative of profit-taking rather than a fundamental shift in market sentiment.

Blockchain equities are receiving considerable interest, attracting impressive inflows of $122 million last week. Over the past nine weeks, the total inflow has reached $294 million, making it the largest surge recorded.

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