As the sentiment in crypto markets remains optimistic, digital asset manager CoinShares said: bitcoinof (BTC) said it got the lion’s share of corporate capital.
CoinShares says in its weekly reports that the total amount of crypto assets under management (AUM) has increased due to the recent positive price action and is only 5 percent away from setting all-time highs.
The firm is also a member of the SEC chairman, Gary Gensler. bitcoin He says recent comments on the possibility of backing a futures exchange-traded fund (ETF) may have fueled the rise in sentiment.
“Bitcoin has seen inflows of $225 million, which makes up a significant portion of the total amount. We believe the rebound in sentiment towards Bitcoin is due to constructive statements by SEC Chairman Gary Gensler that implied he would potentially allow a Bitcoin ETF in the US.”
According to CoinShares, Etheruem (ETH) has once again lost some of the institutional streams to Bitcoin, giving up 1 percent of its total AUM last week. When it comes to altcoins in general, the firm has mixed findings.
“Recent favorites are Solana’s [SOL] $12.5 million worth and Cardano’s [ADA] There was a mixed picture for other altcoins as it continued to see inflows of US$3 million, suggesting that the focus has not shifted entirely to Bitcoin.
Other altcoins i.e. Polkadot [DOT,] XRP and Litecoin [LTC]; unsuccessful performances, with exits of US$2.1 million, US$0.6 million and US$0.2 million, respectively.”
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.