Institutional Demand for Cryptocurrencies Hits New Highs

Institutional investors have continued their support for cryptocurrencies, pouring $858 million into crypto funds last week.

BITCOIN products were a major beneficiary of this influx, attracting over $700 million in investments and extending a five-week inflow streak. This brings the year-to-date flows into BITCOIN funds to $4.9 billion.

The improving sentiment around the CLARITY Act is driving the demand for BITCOIN, according to CoinShares research. Meanwhile, token unlocks across major projects such as AVALANCHE and ARBITRUM have introduced fresh supply into the market, which could lead to short-term volatility.