Institutional Investors Increase Crypto Exposure despite Correction

Large institutional investors poured millions into crypto investment products last week even after the recent $500 billion market correction. Crypto market sentiment remained positive over the past seven days despite a dip in the value of digital assets.

The weekly digital asset inflows report published by CoinShares highlights $154 million worth of institutional investment into crypto products. As expected, investors preferred Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term over other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term last week.

The most important driver behind the jump in BTC-related inflows was a surge in the recently launched ETFs in the US. Some other crypto-assets like Cardano (ADA) saw outflows worth $2.1 million last week for the first time in several months.

As far as altcoins are concerned, investors preferred Solana (SOL) over Polkadot, Binance Coin (BNB) and Litecoin (LTC). In the past 4 weeks, SOL attracted a total of $43 million worth of institutional investment.

“Crypto investment products saw inflows totaling US$154m last week, with the most recent price correction where Bitcoin prices fell by 12% over the week, seemingly not impacting the positive investor sentiment. Bitcoin continued to see the majority of inflows, totaling US$114m last week. This has helped it retain an asset under management (AuM) share of 67% over the last month amongst investment products,” CoinShares highlighted.

“Although this has not been reflected in market prices, with Bitcoin having fallen 4% over the month versus Ethereum which rose 14% over the same period. This disparity may be due to the recently launched ETFs in the US where investment products saw 90% of inflows,” the report added.

Ethereum

In addition to Bitcoin and other crypto-assets like SOL, Binance Coin and Polkadot, Ethereum saw consistent inflows in the last week. ETH investment products attracted a total of $14 million in the mentioned period. Over the last 4 weeks, Ethereum has seen inflows worth $80 million. Overall, global ETH assets under management stand at around $18.7 billion.