While Bitcoin (BTC) is experiencing a slight correction, last week, there was a record entry of 2.9 billion dollars in corporate crypto funds.
In the data shared on the Coinshares official blog page, it was stated that there was a record entry of a net 2.9 billion dollars in corporate crypto funds last week, which is the highest level of all time. Money flowed out of last year’s favorite altcoin Solana into Bitcoin and a few other altcoins.
In corporate crypto funds, as was the case in previous weeks, Bitcoin (BTC) took the first place with 2.896 billion dollars.
Meanwhile, there was a 13.9 million dollar outflow to Ethereum (ETH), and an entry of 26.1 million dollars to the short Bitcoin fund.
While the outflow of assets from the altcoin Solana (SOL) continues, institutional investors turned to Cardano (ADA), Litecoin (LTC), and Polkadot (DOT).
While a 2.7 million dollar outflow was seen from Solana last week, a 6.8 million dollar outflow from Polygon (MATIC), and an entry of 1.2 million dollars for Cardano, 2.3 million dollars for Litecoin, and 3.1 million dollars for Polkadot occurred.
According to the Coinshares report, the US investors were the biggest buyers, with a total of 2.95 billion dollars flowing into the crypto market last week, primarily into spot Bitcoin ETF issuers’ purchases.
Additionally, there was an outflow of 32 million dollars in Switzerland and 21 million dollars in Sweden.
