Despite Bitcoin's recent price stability, institutional investors are showing significant interest in cryptocurrency investment products. According to Coinshares' weekly report, there was a substantial inflow of $185 million into cryptocurrency investment products last week, bringing the total inflows for the year to over $15 billion.

Bitcoin attracted the majority of the investment, with an impressive $148 million inflow. Ethereum, which had previously experienced a significant outflow, saw a remarkable turnaround with an inflow of $33.5 million. Solana also saw a notable inflow of $5.8 million.

This sudden interest in Ethereum and Solana may be attributed to the SEC's approval of a spot ETF expected to launch in July 2024. This development has reversed the previous negative sentiment among investors, who had withdrawn $200 million from Ethereum over ten weeks.

The positive sentiment is not limited to these three cryptocurrencies, as Chainlink and Litecoin also experienced smaller inflows. The USA led the regional inflows, with $130 million invested in cryptocurrency products.

This significant investment from institutional investors signals a growing confidence in cryptocurrency as a viable asset class. As the market continues to evolve, it will be interesting to see if this trend persists.