Despite the decline in the crypto money markets in May, institutional investors continue to increase their Bitcoin (BTC) investments.
2021 year February released in the month To Canada’s spot “Purpose Bitcoin ETF” in total in five days 7,364 Bitcoins entry seen. Assets owned by the fund according to Glasnode data Tuesday, May 31 as of the day 43,701.7 Bitcoinsrose to .
Especially Thursday, May 26 day 2006 Bitcoin and Tuesday, May 31 day 2,780 Bitcoins backdrop that sees the entrance, 43,701 Bitcoins and assets under management (AUM) to date a new all-time high (ATH) reached.
Investment products in the crypto money sector, experienced in the previous week $141 millionnet last week after shrinking $87.4 million saw an inflow of money. This entry $69.4 millionpart of bitcoin investments in its products.
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Although Bitcoin started the new week with a rise after 9 weeks of losses, analysts describe the latest price increase as a trap and think that Bitcoin is still in a downward trend in the short term.
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According to Coinecko data in the last 24 hours $31,877from $29,400 declining to the level of Bitcoin (BTC)approximately at the time of writing the news. 5% with a depreciation $29,985traded from.
