Another Massive Wave of Capital From Institutional Investors Hits Bitcoin and Crypto Markets: CoinShares – Crypto News – Crypto News
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Another Massive Wave of Capital From Institutional Investors Hits Bitcoin and Crypto Markets: CoinShares – Crypto News

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Digital assets manager CoinShares says institutional investors are still bullish on Bitcoin (BTC) and altcoins as crypto sees over $136 million in inflows last week.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors poured $136 million into the crypto markets last week, the third week of significant inflows in a row.

“Digital asset investment products saw $136 million of inflows last week bringing the last 3 consecutive weeks inflows to $470 million, fully correcting the prior 9 weeks of outflows, bringing year-to-date flows to a net positive $231 million.”

Source: CoinShares

Despite the large inflows, CoinShares also mentions that trading turnover is slowing.

“Trading turnover has slowed though, with investment products totaling $1 billion for the week compared to $2.5 billion average in the prior 2 weeks. These lower volumes may be due to the seasonal effects, where lower volumes are typically seen during July and August.”

Bitcoin took the lion’s share of the inflows at $133 million, continuing to be the main focus of investors.

“Bitcoin remains the focus among investors, with inflows totaling $133 million last week, while short-Bitcoin saw outflows of $1.8 million, its 11th consecutive week, further demonstrating investors favor the asset over altcoins at present.”

Ethereum (ETH), Litecoin (LTC), Solana (SOL, XRPPolygon(Matic) and multi-asset investment vehicles saw inflows of $2.9, $0.5, $1.2, $0.9, $0.8 and $0.2 million, respectively, while Cardano (ADA) saw outflows of $1.3 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Owlie Productions/Natalia Siiatovskaia

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