Every week, digital asset management company CoinShares reveals which cryptocurrencies institutional crypto investors have chosen.
The fund, which acts as an intermediary for the institutional investor, publishes altcoins with serious money flowing, actually ensuring that the individual crypto money investor can take a position accordingly.
In the company’s latest report, it is seen that two very critical altcoins stand out.
Altcoins Stand Out After Bitcoin
It is emphasized that with the launch of the first Bitcoin ETF and its acceptance in the USA, $268 million flowed into the leading cryptocurrency.
In fact, last week, when the ETF was first accepted, there was $1.4 billion in flow, and Bitcoin’s ETF excitement seems to have subsided now.
According to the information shared by CoinShares, two smart contract-oriented altcoins continue to be the favorite of institutional investors.
Ethereum and Solana received significant investment compared to other altcoins and Ethereum saw $16.6 million in capital. wither increased its investment amount from 8 million dollars last week to 14.7 million dollars.
Polkadot (DOT) has now been added to these. DOT, whose Parachain sales are approved and will begin in November, saw $6.2 million this week while receiving $400,000 investment last week.
Polkadot is followed by Cardano (ADA), which generated $5 million in streaming.
Last week, it is known that ADA received an investment of $ 5.3 million, which reveals that ADA is actually in decline.