After Bitcoin’s rise to $ 31,500, the 9-week series of fund outflows in institutional funds in the crypto money market ended.
In the data shared on the official blog page of Coinshares, institutional crypto money funds 9 weeks out after the series 200 million dollars money entry is stated. According to the data, of 94% partial Bitcoin (BTC) invested in the funds.
Coinshares to digital asset investment products Biggest entry since July 2022 noticed what happened.
Bitcoin during the week 26,300 from dollar levels for $31,500 much to experience the rise And Including BlackRock 4 big investment companies The application for an exchange-traded fund (ETF) is thought to have a major impact on fund inflows.
This week’s approx. 200 million dollars entry in institutional crypto funds 9-week debut series almost half of it has been deleted. In this process $7.8 million in Ethereum (ETH) exits in short Bitcoin fund while entering with $4.9 million continued.
Institutions’ interest in altcoins in recent weeks has also shifted to Bitcoin again. this week To Ripple (XRP) And to Solana (LEFT) Only $200k cash inflow observed.
Bitcoin in mutual funds large amount of funds entry and Bitcoin dominance of the cryptocurrency market an increasing as the start of the rally being interpreted. According to experts commenting on the subject, the big money inflow with Bitcoin’s upward movement again that the rise will continue pointing out.
Germany took the lead
The interest of countries in corporate funds has also increased almost equally. Germany $85.5 million While it is the country with the most money inflows, it ranks second. with $59 million USA in third place with 45 million dollars Canada took part.
from Brazil and Switzerland in small quantities money inflow.