Bitcoin (BTC) finally saw an encouraging institutional inflow last week with a record $ 59 million after 8 consecutive weeks of posting less than satisfactory signals.
Indirectly, this proves the positive sentiment of investors towards Satoshi Nakamoto’s currency has returned. Is this a hint for BTC to reach $ 100,000?
Based on CoinShares observations, digital asset investment products recorded consecutive inflows for three weeks, with a record last week worth $ 98 million.
Meanwhile, total digital assets under management (AUM) for all digital asset fund providers last week increased to $ 62.5 billion, from $ 56.9 billion in the previous week.
It is said that the altcoins market, also includes Ethereum (ETH) representing 35% of the total AUM.
For now, Bitcoin still leads the highest inflow rate with a value of $ 58.9 million, followed by Ethereum (ETH) and Solana (SOL), which recorded institutional inflows of $ 14.4 million and $ 13.2 million, respectively.
At the time of writing, Solana is still maintaining its momentum especially for AUM’s record rise to $ 44 million last week, up more than double from $ 15 million the previous week.
Just recently SOL recorded an all -time high (ATH) at $ 194.11, making SOL a jump of over 38,000% since the all -time record low (ATL) in May 2020.
Meanwhile other assets such as Cardano (ADA) recorded inflows of $ 6.5 million, Polkadot (DOT) (2.5 million) and XRP ($ 1.2 million).
