Bitcoin Leads With $1.97 Billion Institutional Inflows Through ETF Approvals

Following the approval of the Spot Bitcoin ETF, institutional interest in Bitcoin has reached unprecedented levels. While Grayscale funds finished the week with small losses, other ETF issuers saw significant inflows. Overall, digital asset products attracted $2 billion, bringing the five-week total inflow to an impressive $4.3 billion.

Ethereum (ETH) has also received increased institutional attention, thanks in large part to positive regulatory action from the U.S. Securities and Exchange Commission (SEC). Last week saw the highest inflows since March, indicating institutional investors' confidence in Ethereum's long-term potential.

Hong Kong's ETF market experienced a huge surge in interest last week, resulting in a remarkable $26 million in inflows on top of previous smaller inflows. The region's evolving regulatory environment appears to be attracting global capital into local crypto investment products.

Bitcoin (BTC) remained the most popular option for institutional investors, garnering a significant $1.97 billion in inflows. This consistently strong performance reinforces Bitcoin's status as the dominant digital asset in the market.

Concurrently with Bitcoin, Ethereum (ETH) also remained attractive among investors, raising $68.9 million in new funding. This continued interest signals Ethereum's strong network development and widespread adoption in decentralized finance (DeFi) applications.

While Bitcoin and Ethereum received major investments, other cryptocurrencies such as #Solana (SOL), #Fantom (FTM), #Chainlink (LINK), #Ripple (XRP) and #Litecoin (LTC) also attracted the attention of institutional investors. Solana saw an inflow of $700, while Chainlink, Ripple, Fantom, and Litecoin received $700,000, $1.2 million, $1.4 million, and $700,000 respectively. In particular, Fantom's rise to prominence with an investment of $1.4 million emphasized its increasing recognition.
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