Amid the rise of Bitcoin surpassing $69,500, inflows into cryptocurrency funds have reached significant volumes. CoinShares reports an inflow of $2.2 billion over the past week.

Bitcoin's Rise and Cryptocurrency Fund Inflows

Last week saw a significant increase in funds entering cryptocurrency markets. According to CoinShares, the total amount invested into cryptocurrency products reached $2.2 billion, marking the highest level since July this year. This wave of investments coincided with expectations of a Republican victory in the US elections.

Distribution of Funds Across Cryptocurrencies

Bitcoin was the main beneficiary of investments, receiving an inflow of $2.13 billion. Ethereum also attracted $57.5 million. Notably, there was a significant inflow of $12.3 million into the Short Bitcoin fund, which is indexed to BTC's decline. Among other altcoins, Solana attracted $2.4 million, Litecoin $1.7 million, XRP $0.7 million, and Cardano $1.5 million.

Geographic Fund Inflows and Outflows

Regionally, the largest inflow was observed in the US with $2.27 billion. Australia ranked second with $1.4 million. Meanwhile, Canada and Sweden saw outflows of $19.9 million and $18.2 million, respectively.

Last week, Bitcoin again drew significant investor attention, consequently boosting inflows into cryptocurrency funds. This data highlights the increased interest in major cryptocurrencies amidst global economic and political shifts.