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HomeBitcoin NewsInstitutional Investors Boost Crypto Exposure despite Correction

Institutional Investors Boost Crypto Exposure despite Correction

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Institutional Investors Increase Crypto Direct Exposure in spite of Correction

Large institutional financiers poured millions into crypto financial investment items last week even after the current$500 billion market correction. Crypto market belief stayed positive over the past 7 days regardless of a dip in the value of digital assets.The weekly digital property inflows report released by CoinShares highlights$ 154 million worth of institutional investment into crypto items. As expected, investors preferred Bitcoin over other cryptocurrencies last week.The most essential driver behind the jump in BTC-related inflows was a rise in the just recently introduced ETFs in the United States. Some other crypto-assets like Cardano (ADA)saw outflows worth $2.1 million last week for the first time in a number of months.As far as altcoins are worried, investors chose Solana (SOL )over Polkadot, Binance Coin (BNB)and Litecoin (LTC ). In the past 4 weeks, SOL attracted an overall of$ 43 million worth of institutional investment.Suggested posts Shiba Inu, Dogecoin, Cardano, and More Crypto in FBS TraderGo to article > >”Crypto investment products saw inflows totaling US$ 154m last week, with the most recent price correction where Bitcoin costs fell by 12% over the week, seemingly not impacting the favorable financier sentiment. Bitcoin continued to see the majority of inflows, totaling US$ 114m recently. This has actually helped it retain a possession under management(AuM )share of 67% over the last month among financial investment items,”CoinShares highlighted. “Although this has not been reflected in market value, with Bitcoin having fallen 4% over the month versus Ethereum which rose 14%over the same duration. This disparity might be due to the just recently introduced ETFs in the US where investment items saw 90%of inflows, “the report added.Ethereum In addition to Bitcoin and other crypto-assets like SOL, Binance Coin and Polkadot, Ethereum saw constant inflows in the last week. ETH investment products attracted an overall of $14 million in the mentioned period. Over the last 4 weeks, Ethereum has actually seen inflows worth$80 million. In general, worldwide ETH assets under management stand at around $18.7 billion. Published at Tue, 23 Nov 2021 10:46:07 +0000

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