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Institutional investors in the crypto space are undeterred by the recent market dip, as they continue to buy bitcoin and other digital currencies in large volumes.
CoinShares Market Capital says the sentiments of investors remain positive.
“Digital asset 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.”
The statement continued: “Bitcoin continues to see the majority of inflows, totaling US$114m last week. This has helped it retain an assets under management (AuM) share of 67% over the last month amongst investment products.”
According to the report, bitcoin’s inflow, backed by the positive outlook from institutional investors, exceeded $100 million. CoinShares said.
“Ethereum saw inflows totaling US$14m last week, marking its fourth consecutive week of inflows totaling US$80m…
Inflows into world computer assets suggest that investors favor Solana. By measure of total inflows over the last month, Solana has seen inflows totaling US$43m over the last month versus Cardano at US$23m.”