Leading digital asset manager CoinSharesnoted that institutional investors are highly interested in Bitcoin (BTC) and the three leading smart contract platforms.
According to the firm, the recent correction in the crypto market has piqued the interest of institutional investors.
“Digital asset investment products received $306 million in inflows last week, indicating continued appetite for digital assets.”
As usual, Bitcoin (BTC) has managed to lead all digital assets in terms of capital inflows, this time following a new ETP (exchange-traded product) to be launched on the Deutsche Borse exchange.
“Bitcoin (BTC), saw the biggest entry in Europe with a total of $247 million within 5 weeks of the launch of another investment product. This has increased the 11-week stream of entries to $2.7 billion.”
BTC is trading at $58,475, up about 6% on the day.
Leading smart contract platform Ethereum (ETH) has completed a strong one-week entry period with a total of over $23 million.
“Ethereum saw a total of $23 million in inflows last week and continued inflows for the 5th consecutive week.”
Scalable smart contract platform among this week’s big winners in entries by assets under management (AuM) Left (LEFT) and interoperable blockchain designed to support multiple Layer-1 smart contract protocols Polkadot (DOT) is also included.
“In terms of entries according to AuM, Polkadot and Solana remain on the winners list last week, with entries accounting for 8.6% ($11.5 million) and 5.9% ($14.6 million) of AuM, respectively. continues.”
Ethereum (ETH) is trading at $4,453 at the time of writing and has managed to increase its value by 7.5% in the last 24 hours.
Solana (SOL) is trading at $211.48, while Polkadot (DOT) is trading at $36.82.
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.