Money in Institutional Funds is Flowing from Ethereum and Avalanche to Their Competitors Solana!

There were large inflows into cryptocurrency funds last week, totaling $708 million.

In the data shared on its official blog page, Coinshares revealed that consecutive entries in corporate cryptocurrency funds continued. Last week corporate cryptocurrency to the funds net $707.8 million While there was money inflow, investors continued to insist on Bitcoin (BTC) and Solana (SOL).

It ranks first in corporate cryptocurrency funds, as in the past weeks. with $702.7 million again Bitcoin took place. This rate accounted for 99% of all inflows, demonstrating the impact of the spot Bitcoin ETF approval.

Spot Bitcoin ETFs have received a total of $7.7 billion value entry was seen.

Despite Spot Ethereum ETF expectations in Ethereum (ETH) An outflow of $6.4 million was seen. On the other hand, the altcoin that received the most entries was Solana with 13.4 million dollars. Small outflows of $5.3 million were seen in Short Bitcoin.

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