Famous cryptocurrency investment company CoinShares has announced the altcoin projects that institutional investors are buying and selling. CoinShares says institutional investors are using bottom opportunities on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). cryptocoin.com We have compiled the details for you, let’s examine the subject together…
CoinShares: Despite the drop, institutional investors are buying Bitcoin!
CoinShares has released the report of institutional investors analyzing altcoin investors. According to the firm, Bitcoin’s 12% drop in the middle of the overall crypto market correction did not dampen investor sentiment. CoinShares adds the following to its explanations on the subject:
Cryptocurrency investment products were unaffected by the latest price correction, where Bitcoin prices fell 12% over the course of the week. BTC saw a total inflow of US$154 million last week.
Despite the drop, CoinShares noted that BTC saw inflows in excess of $100,000,000 in the last week alone. CoinShares reports that BTC tops the list of investment products. CoinShares adds the following to its explanations on the subject:
Bitcoin saw inflows totaling $114 million last week. This helped it retain its 67% share of assets under management (AuM) among investment products last month.
CoinShares: As smart money enters these 5 altcoin projects, it comes out of these 3!
The report also includes top smart contract platforms such as Ethereum, Solana, and Cardano (ADA). According to CoinShares, institutional investors have also deposited funds in Ethereum, Solana, Binance Coin, Litecoin, and Polkadot. CoinShares adds the following to its explanations on the subject:
Ethereum saw a total inflow of US$14 million last week and hit a total of US$80m for the fourth week in a row… The new trend shows investors favoring Solana. According to the measurement of total entries last month, Solana saw a total of $43 million in entries last month, compared to $23 million against Cardano.
Despite Cardano’s recent massive inflows, CoinShares states that ADA saw millions of exits last week. Other altcoin projects that have experienced fund outflows other than Cardano are Ripple and TRON. Ethereum (ETH) price and detailed market data from here you can see.
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