Leading digital asset manager CoinShares says institutional investors have a strong appetite for Bitcoin (BTC) and the three leading altcoins. According to the firm, the overall cryptocurrency market correction has left investors hungry for more.
These 4 altcoins stood out in the CoinShares report
In its recent report, CoinShares states that digital asset investment products saw $306 million in inflows last week, indicating an appetite for cryptocurrencies. As usual, BTC led all digital assets in terms of capital inflow. However, this time, a new exchange-traded product (ETP) to be launched on the Deutsche Borse stock exchange is thought to have an impact. The report includes the following statements:
Bitcoin saw the biggest inflow with a total of $247 million in 5 weeks after the launch of another investment product in Europe. This brings the total amount of 11-week entries to $2.7 billion.
Leading smart contract platform Ethereum (ETH) finished November with a strong one-week total of over $23 million. According to CoinShares, this marked the 5th consecutive week of net inflows. Among the biggest winners this week in entries by assets under management (AUM) are Solana (SOL) and Polkadot (DOT). CoinShares uses the following statements:
In terms of entries, Polkadot and Solana remain the winners last week, with entries representing 8.6 percent ($11.5 million) and 5.9 percent ($14.6 million) of AUM, respectively. is doing.
Finally, cryptocoin.com When we look at the data we shared the details of, Litecoin (LTC) saw a 0.9 percent increase in weekly entries, while Cardano (ADA) saw a 1.1 percent decrease.
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