Institutional exposure to altcoin products retests all-time high
Inflows to Solana-based investment products saw a whopping 388% increase last week, with institutional investors gaining exposure to $13.2 million worth of SOL products.
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Inflows to Solana-based investment products saw a whopping 388% increase last week, with institutional investors gaining exposure to $13.2 million worth of SOL products.
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price.
Ethereum and Cardano continue to dominate inflows to institutional crypto investment products while demand for BTC weakens.
The investment firm already has significant exposure to gold, minerals, precious metals, petroleum, and other natural resources.
What was once a major bearish narrative exits via the tradesman’s entrance after failing to have any impact on Bitcoin markets.
Despite the bearish rhetoric prevalent among crypto analysts until recently, Morgan Stanley, one of the largest banks in the United States, has been gaining exposure to Bitcoin by investing millions…
Solana represented one-third of total inflows to institutional crypto investment products this past week.
The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets.