Last week marked a milestone in the crypto world with the entry of $326 million in digital asset fund inflow, the largest amount since July 2022, as reported this Monday by the digital asset investment firm CoinShares.
This rise has been attributed to growing optimism surrounding the approval of a Bitcoin ETF by the United States Securities and Exchange Commission (SEC).
The majority of these capital flows went into Bitcoin, with an impressive 90% of the total reaching $296 million.
However, what is particularly interesting is that a portion of this investment (around $15 million) went into Bitcoin downside investment products, indicating that some investors are preparing for a possible pullback in Bitcoin’s price. leading cryptocurrency.
Another cryptocurrency that stood out in this report was Solana, which attracted $24 million in investments.
This altcoin has gained traction in terms of investment and has caught the attention of investors due to its high-performance blockchain technology and decentralized applications.
Not Everyone Benefits From Increased Inflow
Ethereum, the second-largest cryptocurrency by market cap, suffered a net outflow of $6 million. This trend may be due to the lack of significant innovations on the Ethereum network and growing interest in other options.
From a regional perspective, the United States accounted for only 12% of total fund flows, as investors appear to be waiting for the approval of a Bitcoin ETF before committing.
Instead, Canada, Germany and Switzerland lead the way with flows of $134 million, $82 million and $50 million, respectively.
Additionally, Asia saw a significant increase in investments, with $28 million in fund flows.
These developments come amid growing expectation in the crypto community that the US SEC will approve a real-asset-based Bitcoin ETF in the coming months.
This approval could mark a major milestone in cryptocurrency regulation and attract even more institutional investors to the market.