Renowned investment firm CoinShares says institutional investors are flocking to its newly created tier-1 altcoin investment products. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
CoinShares: Institutional investors flock to these 3 altcoin projects!
Institutional investors are now investing in different altcoins. Famous investment company CoinShares shared the details in its latest altcoin report. Institutions have also flocked to newly created altcoin investment products for Terra (LUNA), Tezos (XTZ), and Cosmos (ATOM) as Bitcoin (BTC) hits over $20 million and Ethereum (ETH) breaks its nine-week exit trend. CoinShares said:
Recently created altcoin investment products Terra, Tezos and Cosmos saw inflows of US$2.2 million, US$0.9 million and US$0.6 million respectively.
According to CoinShares, Bitcoin, the largest cryptocurrency by market capitalization, took the biggest entry share last week, reaching $25 million.
Institutional money flowed into these 6 altcoins last week!
After nine weeks of exits, Ethereum, the leading smart contract platform and the second largest cryptocurrency by market cap, was the asset with the second largest institutional entry last week. CoinShares said:
Ethereum finally broke its 9-week exit spell with $21M inflows last week.
Last week, Solana (SOL), Binance Coin, Polkadot, Cardano and XRP also received funding from institutional investors.
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