While Bitcoin (BTC) was trying to exceed the $ 35,000 levels where it had been stuck for a while, institutional cryptocurrency funds saw inflows for the 6th week in a row.
In the data shared on the official blog page of Coinshares, it was stated that there was an entry into institutional cryptocurrency funds for the sixth week in a row. Last week corporate cryptocurrency to the funds net 260 million dollars While money was flowing in, investors continued to insist on Solana (SOL).
It ranks first in corporate cryptocurrency funds, as in the past weeks. with $228 million again Bitcoin (BTC) took place. Investment in digital asset products made in 6 weeks in 2022 736 million dollars We have surpassed the investment 767 million dollars in 6 weeks reached. In addition, the total of the 6-week fund inflow From the end of the bull, which is December 2021 It was stated that it was the largest fund inflow since then.
Despite the positive atmosphere in the past weeks to Ethereum (ETH) While there was no entry, it is relatively small compared to Bitcoin this week. 17.5 million dollar There was money inflow. However, although the money entering Ethereum was small compared to Bitcoin, it was recorded as the largest inflow since August 2022.
One of the funds that experienced a lot of money outflow this year short Bitcoin also to the fund 4.5 million dollar entry observed.
CoinShares thinks that these fund inflows are related to the recent increase in the possibility of spot Bitcoin ETF approval.
of this year 28 weeks out of 32 weeks Solana, which experienced fund inflows, 10.8 million dollars investment It once again became the most popular altcoin. Additionally to Cardano (ADA) 500 thousand dollar to Ripple (XRP) 200 thousand dollars experienced an inflow of money.
On the other hand, there were large inflows on a country basis. USA with 156 million dollars Germany as it witnesses huge inflows of money with $63 million 2nd and Switzerland is with $35.5 million It ranked 3rd.