While Bitcoin (BTC) has been dormant at the level of $30,000 for a while, there has been a fourth week in a row fund inflows to institutional funds in the cryptocurrency market.
Data shared on the official blog of Coinshares shows that the institutional funds in the crypto money market last week. net $137 million with fund increase 4 weeks in a row reported that there was an inflow of money. took place last week $137 million total in 4 weeks with fund inflow 742 million dollars money was the entry.
In addition, it was noteworthy that US institutions flocked to the funds after the decision in favor of XRP in the case between the SEC-Ripple.
According to the data, the total money inflow 140 million dollars worth of 99% partial Bitcoin (BTC) invested in the funds. Starting with BlackRock, almost all the money flowed into Bitcoin in a four-week period. spot Bitcoin exchange-traded fund (ETF) is thought to have had a major impact.
Outflows from the short Bitcoin fund 3.2 million dollars with to week 12 stretched out.
In Ethereum (ETH), it continues in Bitcoin positive weather did not affect. Ethereum experienced last week With an output of $ 1.6 million failed to extend the fund inflow series.
Decision in favor of Ripple blew up the USA
Institutions did not give a great reaction to the recent positive decisions in the ongoing lawsuit between the US Securities and Exchange Commission (SEC) and Ripple (XRP) in the altcoin specific. In this process $100k to Ripple, $100k to Cardano (ADA) and $300k to Litecoin (LTC) money inflows took place. It is also one of the best performing altcoins of recent days. Solana (SOL) 500 thousand dollars fund has been received.
On the other hand, with the Ripple decision, many US exchanges re-listed XRP, while the USA took the lead after a long time on a country basis. 109 million became the country with the highest amount of money inflows. after the USA Canada with $28.3 million on the way Switzerland in 3rd place with 3.3 million dollars took place.
