While the rally in Bitcoin (BTC) continued, institutional cryptocurrency funds saw inflows for 10 consecutive weeks.
In the data shared on the official blog page of Coinshares, it was stated that there was an inflow in institutional cryptocurrency funds for the tenth week in a row. Last week corporate cryptocurrency to the funds net 176 million dollars There was money inflow.
It ranks first in corporate cryptocurrency funds, as in the past weeks. with 132 million dollars again Bitcoin (BTC) took place. Investment in digital asset products Future ETF launch in 2021 We have passed through this burning high To 1.76 billion dollars in 10 weeks reached.
Ethereum (ETH), influenced by the positive sentiment in funds and relatively small compared to Bitcoin 30.8 million dollar experienced an inflow of money. With this investment, Ethereum moved to the net positive side for the first time during the year. One of the funds that experienced a lot of money outflow this year short Bitcoin also to the fund 3.6 million dollar entry observed.
CoinShares ensures that these fund inflows spot Bitcoin ETF He thinks it is related to the recent increase in the possibility of approval.
While altcoins do not attract as much attention as Bitcoin and Ethereum 4.3 million to Solana (SOL), 500 thousand to Ripple (XRP) dollar and 100 thousand to Cardano (ADA) There was an inflow of dollar money. However 200 thousand from Litecoin (LTC) There was an outflow of dollars.
On a country basis, fund inflows were experienced in almost every country, with Canada, the USA and Germany taking the lead.