A prominent cryptocurrency asset manager says institutional investors are regaining their appetite for altcoin projects after market sentiment got off to a rocky start in 2022. So, which altcoins were institutional investors interested in? Here are the details…
Top European institutions invested in funds
According to the latest CoinShares Digital Asset Fund Flows Weekly Report, crypto investment products saw $180 million in inflows last week, with the majority of entries from Europe. came. The previous week’s entries rose from $193 million to $244 million, as some late transactions were reported. While 99 percent of the inflows came from Europe, the fund inflows from the Americas made up only 1 percent of the total amount.
In line with its market share, Bitcoin (BTC) focused digital asset investment products entered $144 million last week. Despite the large numbers, CoinShares says BTC investments have decreased compared to last year, and the report uses the following statements:
Bitcoin [last week] saw a total of $144 million in entries, bringing year-to-date inflows to $350 million… Entries are Bitcoin’s first It fell behind last year, when it saw a total of 3 billion dollars inflows in the quarter. At that time, it was a particularly enthusiastic period for this asset
According to the CoinShares report, institutional investors are interested in these altcoin projects
Although Ethereum (ETH) products also experienced heavy inflows last week, CoinShares is promising ETH for 2022. says its negative net flows fell far short of expectations set in 2021. According to the report, ETH saw a total of $23 million in inflows last week. While sentiment has improved, net flows remain negative at $111 million year-on-year. This contrasts with the first quarter in 2021, which saw $705 million in total inflows. Considering the data we reported last week as
Kriptokoin.com, data from CoinShares shows that the last two weeks have seen the most institutional entries of the year by a significant margin. Institutional investors have also poured money into smart contract platforms Solana (SOL) and Cardano (ADA), officially making Solana the third best-performing investment product since the start of the year. The report uses the following statements for these two coins:
Solana and Cardano saw inflows of $8.2 million and $1.8 million, respectively. Solana is currently the third best-performing investment product, with a total year-over-year inflow of $103 million.
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