Institutional investment flows out of ETH and into competing L1 altcoins
Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.
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Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.
The total aggregate digital assets under management (AUM) surged to $48.7 billion in March, up from the $43.9 billion that was recorded in January, the latest data from Crypto Compare…
CoinShares FTX Physical Staked Solana will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares this year.
Capital flowed into BTC funds for a seventh consecutive week, while ETH products registered their largest gain in 13 weeks.
CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products saw inflows totaling $109 last week.
CoinShares data reveals that the worst of the crypto market downturn may have passed as institutions bought the dip.
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental…
Despite extreme fear in the market, institutional investors appear to be re-accumulating Bitcoin using dedicated funds.
Nearly $14 million has been returned to BTC institutional funds over the past week, but Ethereum-based products are still seeing major outflows.
Invesco’s spot Bitcoin ETN joins 25 other similar products on Deutsche Boerse’s digital exchange, Xetra.