Recent data revealed a significant change in corporate investment patterns towards Bitcoin, with a substantial $862 million directed into crypto asset investment products last week. This shift indicates a growing preference for Bitcoin among institutional investors.

Bitcoin Surges While Ethereum Sees Institutional Sell-Off

In contrast to Bitcoin's inflow of $865 million, Ethereum faced a sell-off as institutions withdrew $18.9 million from the digital asset. Despite this, other altcoins such as Solana, Cardano, and Polkadot attracted institutional interest.

National Investment Trends

The United States led in investment inflows at $897 million, followed by Australia and Brazil with $1.5 million and $2.9 million, respectively. However, countries like Canada, Switzerland, Germany, and Sweden experienced notable outflows in cryptocurrency investments.

Key Points

• Bitcoin is the favored asset among institutional investors.
• Ethereum is witnessing a sell-off, suggesting a shift in long-term investment strategies.
• Some smaller altcoins like Solana, Cardano, and Polkadot are gaining attention from corporate investors.
• Various countries show diverse investment behaviors, influenced by regulatory environments and investor sentiments.

This article was originally published on BH NEWS.