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Bitcoin (BTC) tries to hold above the $66,000 level again after a sharp correction, while last week saw $126 million outflow from corporate crypto funds.

According to data shared by Coinshares, corporate crypto funds, which saw $646 million in inflows two weeks ago, saw an outflow of $126 million last week.

Corporate interest in Bitcoin had reached a high level following the approval of the Spot Bitcoin ETF. While Grayscale funds saw a total of $751 million outflow, ETF issuers raised approximately $600 billion in investments.

Once again, in corporate crypto funds, Bitcoin (BTC) took the first place with $110 million, but this time it was in the lead for outflows.

On the other hand, $28.7 million outflow from Ethereum (ETH) funds was observed, while a 1.7 million dollar inflow went to the short (bear) Bitcoin fund.

Interest in Altcoins Remained

Corporate investors turned to Polkadot (DOT), Litecoin (LTC), Basic Attention Token (BAT), Ripple (XRP), Lido DAO (LDO), and Decentraland (MANA) as they exited Ethereum and Solana.

Polkadot received $800,000, Litecoin received $1.6 million, BAT received $2.9 million, Ripple received $300,000, Lido DAO received $1.8 million, and Decentraland received $4.9 million inflows.

While these 5 altcoins have been receiving attention for a while, institutional investors made large investments in BAT, LDO and MANA. The inflows into these altcoins are expected to be a precursor to a significant increase.

According to the Coinshares report, the majority of outflows came from U.S. investors. The bulk of these outflows came from spot Bitcoin ETF issuers.

Additionally, there was an outflow of $5.7 million from Switzerland and $6 million from Canada.

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