In the last three months, Bitcoin, Ethereum, and Solana received the largest capital inflow. According to CoinShares data, institutional investments in cryptocurrencies have reached their highest levels in three months, with outflows of $47 million last week.
Last week’s Digital Asset Fund Flows Weekly Report revealed that investments in digital assets had total inflows of $193 million, the highest level since early December 2021.
The most recent peak in investment levels occurred in the week ending on Dec. 3, when $184 million worth of inflows were recorded.
The majority of the money went into products that were based on Bitcoin (BTC), with inflows totaling $98 million.
Largest capital inflows in 3 months: Bitcoin, Ethereum & Solana
The runner-up was Solana (SOL), which attracted $87 million in inflows during the week, according to CoinShares. ETH funds have 36 percent of assets under management with institutional investors, while SOL-based ones have 36 percent. Last week saw just $10.2 million worth of ETH inflows.
Inflows from Europe were by far the most significant, with companies apparently bolstered by the news that a bill to prohibit proof-of-work (PoW) mining did not pass. Last week, 76 percent of inflows, or about $147 million, came from Europe.
“Still too volatile”
The statistics in the report are starkly opposed to those from the previous week, which revealed $49.4 million in BTC and ETH withdrawals from mostly North American businesses with worries about burgeoning crypto regulations.
Institutional investors have been pouring money into Bitcoin in recent weeks, and the price of Bitcoin has climbed above $48,500 at one point. The same was true for Ether, which surpassed $3,300.
At the Blockchain Africa Conference 2022, Nexo and Amber Group executives discussed the “exponential” growth of institutional investment into cryptocurrencies, noting that while there is an increase in institutional onboarding, there may still be barriers to entry. Metodiev added that most businesses could claim that the cryptocurrency market is “still too volatile.”