Corporate investors infused $103 million into digital asset investment products last week, signaling sustained interest in Bitcoin and altcoin-focused financial instruments. This uptick in investment comes after an 11-week streak of inflows was interrupted by withdrawals the previous week, indicating that optimism among institutional investors persists.
During the week, Bitcoin-centric investment products attracted $87.6 million, while Ethereum saw an inflow of $7.9 million. Solana, a cryptocurrency that has been impressive in recent days, also experienced a significant inflow of $6 million from institutional investors.
Cardano received a $1 million investment from institutional players, although there were outflows observed in two altcoins. Specifically, Avalanche and Litecoin saw sell-offs, with $2.6 million leaving Avalanche and $400,000 from Litecoin.
Germany led the way in terms of country-based inflows with $41.6 million, followed by Canada with $25.8 million, and the United States with $20.4 million. These investments underscore the growing geographical diversity of corporate interest in the crypto space.
Sweden was the only country to see a net outflow, with its institutional investors pulling out $8.7 million from digital asset investment products. This isolated case of withdrawal contrasts with the overall trend of increased institutional engagement.
The continued interest from institutional investors indicates the maturing of cryptocurrencies and their integration into mainstream finance. It also points to the broader acceptance and legitimacy of digital assets within the global financial landscape.