The volatility in the markets last week indicates that some investors see the decline in crypto currency prices as a buying opportunity.
According to information reported by CoinShares, institutional-grade investment products for cryptocurrencies last week. positive change showed.
shrinking for five consecutive weeks, during which time 532 million dollars depreciating investment products in the past week 14 million 400 thousand dollars net cash flow.
However, the total value of cryptocurrencies held in these investment products is $86 billion in November 2021 Unlike the record level, 51 billion dollars It fell to the lowest level recorded since August 2021.
As a matter of fact, seen in investment products positive change, by the CoinShares team, “The fact that money was flowing towards the end of the week when the market was weak indicates that investors are seeing this as a buying opportunity.” interpreted as.
Cryptocurrency specific; Bitcoin (BTC) investment products, which shrank 317 million dollars in five weeks 13 million 800 thousand dollars, Binance Coin (BNB) products 3 million 300 thousand dollars, Solana (SOL), Polkadot (DOT) and Cardano (ADA) products received a net inflow of 1 million 400 thousand and 1 million 500 thousand dollars, respectively.
Unlike these, it is one of the investment products created for Ethereum (ETH). 15 million 600 thousand dollars money was out.