Famous investment company CoinShares has released its new altcoin report. CoinShares says institutional inflows into Bitcoin (BTC) and an altcoin project have not slowed, despite weekly sales and market fluctuations. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
CoinShares: Despite the collapse, there has been an inflow of funds to Bitcoin and altcoins!
According to CoinShares, cryptocurrency investment products saw nearly $200 million worth of entries last week. However, major outflows occurred at the end of the week, apparently in response to “investor anxiety”. CoinShares adds the following to its explanations on the subject:
Cryptocurrency investment products saw an inflow of US$184 million last week, with Bitcoin prices falling 7% over the same period, showing that investors continue to view the recent price weakness as a buying opportunity. However, sharp price weakness at the end of the week led to US$40 million outflows late Friday.
CoinShares: The flow of funds to this altcoin project continues!
A major smart contract platform seemed unaffected by recent market volatility, according to the firm. CoinShares adds the following to its explanations on the subject:
Solana showed continued inflows totaling US$4.6 million throughout the week, seemingly unaffected by recent price fluctuations.
According to the report, Solana (SOL) saw a total inflow of $4.6 million last week during the market downturn. In last week’s report, CoinShares named Solana one of the “winners” for institutional investment alongside Polkadot (DOT).
CoinShares: These 2 altcoins suffered from institutional investment outflows
Despite the success in last week’s report, DOT has suffered from institutional investment outflows this week alongside Cardano (ADA). CoinShares adds the following to its explanations on the subject:
Altcoin project Polkadot, which helps different Blockchains work together, saw a total of $3 million in output last week. Most of the exits came in the second half of the week, but this may also be due to the uncertainty surrounding the parachain auctions, which ended on December 17.
As a result, the altcoins that saw the flow of funds were Ethereum, Litecoin, Binance Coin and Solana. DOT, on the other hand, experienced a fund outflow this week along with Cardano (ADA). As for the biggest coin by market cap, BTC has been at the top this week, but it has had big breakouts before the weekend. CoinShares adds the following to its explanations on the subject:
Bitcoin saw a total inflow of US$145 million last week, but at the end of the week it suffered with a US$42 million exit on Friday, igniting investor concerns.
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