Institutional investments into cryptocurrencies have jumped to the highest level in three months of $193 million, with more than 50% of going to Bitcoin.
BTCUSD is up +0.92%
The investment inflow, which compares to $47 million in the previous week, is significant in bitcoin, which has received $98 million.
Solana came second with $87 million in the same period, the most significant single week of inflows. SOL-based funds accounted for 36% of the AUM, the biggest altcoin after ether. Ether-based fund inflows were $10.2 million.
The European market has the most contributions with 76% inflows of about $147 million, attributed to the news that the bill seeking to ban proof-of-work mining was abolished.
North America reportedly had the most cash outflows, where $49.4 million were withdrawn in BTC and ETH amid regulatory pressure.