Digital asset investment products saw inflows totaling $42M last week. Inflows were seen across all digital assets and signals what we believe to be continued improving sentiment amongst investors.
It’s also worth noting that Bitcoin saw inflows of about $15 million and has suffered from negative investor sentiment in only 3 of the last 16 weeks.
Another thing that the report touched on is Solana. As CryptoPotato reported, the network suffered from an outage and was off for hours.
Despite this, Solana saw inflows of some $4.8 million, which “suggests investors were happy to shrug off the attack, seeing it as teething problems rather than something more inherent with the network.”
Nevertheless, this report accounts for the data up until September 17th. In the past couple of days, the cryptocurrency market lost billions of its capitalization in a broader collapse.
This saw Bitcoin tank to about $40,000 earlier today, while other cryptocurrencies are also bleeding out.
WIth this said, it’s interesting to see how institutional investors are handling the current situation.
OhNoRipple via https://www.ohnocrypto.com/ @George Georgiev, @Khareem Sudlow
Another Week of Institutional Accumulation: CoinShares Sees $42 Million Weekly Crypto Inflows
Reviewed by Khareem Sudlow
on
September 21, 2021
Rating: 5
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