• CoinShares reports that institutional investors poured $136 million into the crypto markets last week.
• Bitcoin took the lion’s share of the inflows at $133 million.
• Ethereum (ETH), Litecoin (LTC), Solana (SOL), XRP, Polygon (MATIC) and multi-asset investment vehicles also saw inflows.
Massive Wave of Capital From Institutional Investors
Digital assets manager CoinShares reported that institutional investors have poured $136 million into the crypto markets last week, showing bullish sentiment towards Bitcoin and altcoins. This marks the third consecutive week of significant inflows, representing a net positive of $231 million year-to-date.
BTC Takes Lead in Inflows
Bitcoin remains the focus amongst investors, with inflows totaling $133 million last week. Despite this, trading turnover has slowed with investment products totaling only $1 billion for the week compared to an average of $2.5 billion in prior weeks – likely due to seasonal effects where lower volumes are typically seen during July and August.
Altcoins See Inflows as Well
In addition to BTC, Ethereum (ETH), Litecoin (LTC), Solana (SOL), XRP, Polygon (MATIC) and multi-asset investment vehicles all saw inflows totaling a combined total of $4.6 million – with Cardano being the only coin seeing outflows at -$1.3 million.
Bullish Sentiment for Crypto
The consistent capital inflow over recent weeks demonstrates continued bullish sentiment towards digital assets from institutional investors, despite slowing turnover due to seasonal effects.
Conclusion
Crypto markets have seen massive capital inflow from institutional investors over recent weeks, demonstrating their bullish sentiment towards Bitcoin and altcoins alike. Despite slower trading turnover possibly attributed to seasonal effects such as summer holidays, it is clear that these investments are here to stay for now – giving further evidence to crypto’s increasing mainstream acceptance and legitimacy as an asset class.