CoinShares, which is a digital asset manager, presented their weekly data on crypto products and funds. The latest information shows that investors were not discouraged with regards to the newest price corrections. In the week ending November 19th, crypto institutional investors put in $154 million towards the crypto sector, which took them to a total year-to-date sum of $9.2 Billion. Overall, the inflows amount exceeds 2020’s statistics by $6.7 billion.
In the latest update, Bitcoin raked in the most inflows with $114.4 million, which is close to 74% of the total amount invested in crypto, securing the lion’s share of the investments. Although there was a 10.4% drop in the value of Bitcoin just the week prior, this week’s inflows indicate a steady rise. So far, Nov 10th of this year saw the Bitcoin value reach its highest – at $69,000.
As for Ethereum, this cryptocurrency saw inflows up to $12.6 million for four weeks in a row. In just the past month, the inflows came up to a total of $80 million.
On the other hand, altcoins like Cardano saw minor outflows, which values up to $2.1 million, as per the latest data. On the same league is Solana, which witnessed inflows of $8 million. Comparing the two, the past month has seen Solana receiving inflows of $43 million, whereas Cardano saw inflows of $23 million.
Looking at the biggest digital asset management companies, Grayscale and CoinShares, the assets under management amounted to $51.62 billion at Grayscale and $6.5 billion at CoinShares, respectively.