While the Bitcoin (BTC) price is trying to surpass $100,000 after a major rise, a serious investment inflow of $3.12 billion was observed in institutional cryptocurrency funds. According to data shared by Coinshares, $3.12 billion was invested in the funds, which had an inflow of $2.2 billion two weeks ago. It was also stated that the total inflows since the beginning of the year have reached $33.5 billion.
According to Coinshares data, interest in Bitcoin continues to grow. During this period, a total of $3 billion was invested in Bitcoin, while an additional $10 million was invested in short-term Bitcoin investment products as prices reached new highs.
While there was a generally positive atmosphere in spot ETFs, there was a small outflow in Grayscale funds last week. However, with contributions from major investors such as BlackRock and Fidelity, the week closed with a total inflow of $2.193 billion. Bitcoin was the product that received the largest inflow this week with $3.08 billion. The price reaching all-time highs led investors to short Bitcoin investment products of $10.4 million.
Ethereum received only $2.8 million in inflows, underperforming Bitcoin and other investment products.
The CoinShares report stated the following: The US showed that investor confidence was high with a large inflow of $3.2 billion. However, European countries such as Germany, Sweden and Switzerland experienced outflows of $40 million, $84 million and $17 million respectively. This indicates that investors in Europe are evaluating the recent price increases as profit taking.
There was also intense interest in altcoins. Solana attracted attention by raising $16 million in investments last week, leaving Ethereum, which raised $2.8 million in investments in the same period, behind. However, in terms of investments made since the beginning of the year (YTD), Ethereum is well ahead of Solana.
Among altcoins, XRP, Litecoin, and Chainlink recorded notable investment inflows of $15 million, $4.1 million, and $1.3 million, respectively.