Despite Geopolitical Tension, Institutions are Pouring Money into Bitcoin and Ethereum! - Coin Bulletin

Institutional investors increased their appetite for digital assets despite geopolitical risks last week, showing significant interest in Bitcoin (BTC) and Ethereum (ETH).

According to new data shared by CoinShares, there was a total net inflow of 1.24 billion dollars into digital asset investment products last week. Thus, with the consecutive 10-week inflow series, the total inflow amount since the beginning of the year reached a record level of 15.1 billion dollars. However, a slowdown in fund flow was observed in the second half of the week due to the U.S.'s intervention in the tension with Iran and the Juneteenth holiday.

The highest inflow on a regional basis occurred in the USA with 1.25 billion dollars, while Canada and Germany recorded inflows of 20.9 million dollars and 10.9 million dollars, respectively. In Hong Kong, which has seen record inflows in recent weeks, there was an outflow of 32.6 million dollars, while Switzerland saw an outflow of 7.7 million dollars.

div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { display: inline-block; padding-top: 10px; padding-bottom: 10px; }

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { width: 320px; height: 100px; } }

@media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { width: 728px; height: 90px; } }

Bitcoin back at the top

Last week, Bitcoin became the favorite of investors once again (BTC). Despite the recent price drop, Bitcoin funds saw inflows of 1.1 billion dollars for the second consecutive week as investors bought at lower prices. Additionally, a small outflow of 1.4 million dollars from short Bitcoin (BTC) products supported investors' expectations for a rise in Bitcoin.

Ethereum (ETH) products saw an influx of 124 million dollars last week. Thus, Ethereum continued its streak of inflows for 9 consecutive weeks, achieving the longest positive streak seen since mid-2021, with a total inflow amount reaching 2.2 billion dollars during this period.

Movement has started in altcoins

Last week, interest in altcoins also drew attention. Solana (SOL) funds recorded an inflow of 2.78 million dollars, while XRP funds saw an inflow of 2.69 million dollars, showing investors' interest in alternative cryptocurrencies.