Digital asset manager CoinShares said last week that several altcoin projects have received significant institutional investments. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
CoinShares: Bitcoin took the largest share of institutional investments last week
According to the latest “Digital Asset Fund Flows Weekly” report, the market Bitcoin (BTC), the largest cryptocurrency by value, received the largest share of institutional investments last week. CoinShares adds:
Bitcoin continues to lead the entries with $71 million last week. This is the largest entry since the beginning of December, with a total of US$108 million over 3 weeks. Volumes in Bitcoin investment products remained low at $1.8 billion last week, compared to $3.4 billion last week.
CoinShares: Institutional money flowed into these 4 altcoin projects!
Leading smart contract platform Ethereum (ETH) has soared for the ninth consecutive week, losing $8.5 million in institutional investments last week. CoinShares adds:
Streams of investment products for Ethereum show a downward trend with $8.5M outflow…
Meanwhile, Ethereum rivals Solana (SOL), Polkadot (DOT) ), Terra (LUNA) and Cardano (ADA) saw entries of $2.4 million, $2.2 million, $1.4 million and $1.1 million, respectively. This was the first week of major institutional investor entries for the popular altcoin LUNA. Binance Coin and TRON, on the other hand, broke out like ETH.
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