Institutions poured $858 million into crypto funds last week
Institutional investors invested $858 million into crypto funds, with over $700 million going into bitcoin products.
This marks the strongest weekly total since late April and extends a five-week inflow streak.
Bitcoin funds have pulled in $4.9 billion year-to-date, indicating strong demand for the leading cryptocurrency.
Bitcoin recently traded at $81,000, narrowly missing the 200-day SMA above $82,000, with support seen around $80,400.