As Bitcoin (BTC) approached the level of 31 thousand dollars again with a great rise, institutional cryptocurrency funds saw inflows for the 4th week in a row.
In the data shared on the official blog page of Coinshares, it was stated that there was an inflow into corporate cryptocurrency funds for the fourth week in a row. Last week corporate cryptocurrency to the funds net worth 66 million dollars While money is flowing in, investors are still from Solana (SOL) He didn’t give up.
It ranks first in corporate cryptocurrency funds, as in the past weeks. with $55.3 million again Bitcoin (BTC) took place. Total in four weeks $179 million total managed asset value with entry to 33 billion dollars rose.
Despite this positive atmosphere in Ethereum (ETH) again 7.4 million dollar There was an outflow of money. One of the funds that experienced a lot of money outflow this year short Bitcoin also to the fund $1.6 million entry observed.
CoinShares thinks that these fund inflows are related to the recent increase in the possibility of spot Bitcoin ETF approval.
While there is not much volume in altcoins under normal conditions, it has been around for a few weeks. in Solana The entrance left jaws agape. of this year 26 weeks out of 30 Solana, which experienced fund inflows, 15.5 million dollars investment It once again became the most popular altcoin. This made Solana the most popular altcoin of the year.
In parallel with the money inflows, there was a huge price increase in Solana. SOL, in a 10-day period 50% rising $20.7 from levels for $31.32 reached. The continuation of money inflow causes the rise in price that it can last brought to mind.
Additionally to Cardano (ADA) one hundred thousand There was an inflow of money.
On the other hand, there is no money outflow from almost any country. Switzerland with 45.5 million witnessed huge inflow of money. from USA 8.7 1.3 from Brazil million dollar exit occurred.