Institutional investors are increasingly relying on Bitcoin and cryptocurrencies: record inflows of $ 742 million in the past four weeks

Institutional investors are increasingly relying on Bitcoin and cryptocurrencies: record inflows of $ 742 million in the past four weeks
The trust of institutional investors in Bitcoin and other cryptocurrencies has increased significantly, according to the Digital Asset Manager Coinshares and has exceeded the level of 2021. In the past few weeks there was a remarkable increase in interest that has led to considerable investments.
According to the latest Digital Asset Fund Flows Weekly Report of Coinshares, impressive $ 137 million of institutional investors flowed into the cryptoma markets last week. This follows a four -week series of tributaries that amount to a total of $ 742 million.
The report emphasizes that the cumulative tributaries of $ 742 million have been the strongest trend in trends since the last quarter of 2021 in the past four weeks. The trade volumes for investment products with digital assets have constantly exceeded the annual average of $ 1.4 billion and reached $ 2.3 billion
last week It is particularly noteworthy that this volumes make up 11% of the total crypto volume compared to the usual 2%. The majority of the inflows are attributed to North American investors, whereby US investors alone contribute $ 109 million.Bitcoin remains the first choice for investors who were able to record the majority of the inflows. A total of $ 140 million flowed directly into Bitcoin, which corresponds to 99% of all inflows. In the case of short-bitcoin investment products, however, there was a total of $ 3.2 million
in the twelfth week in a rowThis persistent trend in connection with the latest price increase led to a decline in the entire managed assets for short-bitcoin, which fell $ 55 million in April from $ 198 million in April.
In the same period, other cryptocurrencies such as Litecoin (LTC), Solana (SOL), XRP, Cardano (ADA) and Polygon (Matic) (Matic) (Matic) (Matic) have refuses of 0.5 million or less, while Ethereum (ETH) suffered from $ 1.6 million.