- According to a prominent digital asset manager, although investors are off to a rough start to 2022 due to market sentiment, institutional investors altcoinHe regained his appetite for
According to the latest CoinShares Digital Asset Fund Flows Weekly Report, crypto investment products saw $180 million in inflows last week, with the vast majority of entries coming from Europe.
“Digital asset investment products saw a total of $180 million in inflows last week, with late reporting of some transactions increasing the previous week’s inflows from $193 million to $244 million… A regional split in investments continues, with 99% of inflows coming from Europe, while the Americas only He sees it as remaining hesitant with the $1.7 million entry. ”
In line with its market share, Bitcoin (BTC) focused digital asset investment products entered $144 million last week. Despite the large numbers, CoinShares claims that BTC investments have fallen compared to last year.
“Bitcoin [geçen] The week saw a total of $144 million in inflows, with year-to-date inflows reaching $350 million… Inflows fell short of last year when Bitcoin saw a total of $3 billion in inflows in the first quarter, a particularly enthusiastic period for this asset.”
The biggest altcoin Ethereum (ETH) Although its products experienced heavy inflows last week, CoinShares says negative net flows of ETH in 2022 fell far short of expectations set in 2021.
“Ethereum saw a total of $23 million in inflows last week. While sentiment improved, net flows remained negative at $111 million for the year. This contrasts with the first quarter in 2021, where we saw a total inflow of $705 million.”
Apart from the two largest cryptocurrencies, institutional investors are also launching smart contract altcoins. Left (LEFT) and to Cardano (ADA) pouring in money, officially making Solana the third best-performing investment product since the beginning of the year.
“Solana and Cardano saw inflows of $8.2 million and $1.8 million, respectively. Solana is currently the third best-performing investment product, with total inflows of $103 million since the beginning of the year.”
Data from CoinShares shows that the last two weeks have witnessed the biggest institutional inflows of the year by a significant margin.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.