Institutional Crypto Inflows Surge with Bitcoin Taking the Lead  

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North America reportedly had the most cash outflows, where $49.4 million were withdrawn in BTC and ETH amid regulatory pressure.


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