News

Institutional Crypto Inflows Surge with Bitcoin Taking the Lead  

0
golden bitcoin coin on us dollars close up

Institutional investments into cryptocurrencies have jumped to the highest level in three months of $193 million, with more than 50% of going to Bitcoin.

Source: Coinshares

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North America reportedly had the most cash outflows, where $49.4 million were withdrawn in BTC and ETH amid regulatory pressure.

fxcoach

Bitcoin Surges Past $47,201, After Jumping 12% in the Last 6 Consecutive Days

Previous article

Happy Frequency Review: Consistent Profits and Affordable Pricing

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News