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Bitcoin (BTC) is trying to stay above the $72,000 level while corporate cryptocurrency funds saw $646 million in inflows last week.

According to the data shared by Coinshares, corporate cryptocurrency funds, which saw an inflow of $862 million two weeks ago, also had an influx of $646 million last week.

Following the approval of the spot Bitcoin ETF, corporate interest in Bitcoin reached a high level. Cryptocurrency funds, which have seen a total of $13.8 billion in inflows since the beginning of the year, are at an all-time high. While there was a total outflow of $731 million from Grayscale funds, ETF issuers also collected $1.4 billion in investments.

As it happened in recent weeks, Bitcoin (BTC) once again ranked first in corporate cryptocurrency funds with an influx of $663 million.

On the other hand, Ethereum (ETH) saw an outflow of $22.5 million from funds, and the short Bitcoin fund had an outflow of $9.5 million.

Interest in Altcoins

While institutional investors were exiting Ethereum, they turned to Polkadot (DOT), Litecoin (LTC), Solana (SOL), Ripple (XRP) and Cardano (ADA).

Almost all altcoins saw an inflow, with $600,000 going to Polkadot, $4.4 million going to Litecoin, $4 million going to Solana, $100,000 going to Ripple, and $200,000 going to Cardano.

These 5 altcoins have been of interest for a while, and corporations also made a $1.4 million investment in Filecoin.

According to the Coinshares report, the largest influx came from U.S. investors, primarily from the spot Bitcoin ETF issuers’ purchases.

In addition, there was an outflow of $27 million from Switzerland and $7 million from Canada.

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