Institutional investors have increased their investments in Bitcoin products by a third from September 27 to October 1, according to the latest weekly report from CoinShares.
If a week earlier the total inflow of money into products for institutional investors amounted to $ 95 million, then last week the figure dropped to $ 90 million.But investors significantly increased interest in funds for bitcoin, and this is the seventh consecutive week with a positive inflow of funds into cryptocurrency trusts.
Of the $ 90 million, more than two-thirds ($ 68.7 million) were invested in Bitcoin products. The growth in comparison with the indicators of the previous week from September 20 to 24 amounted to 38%. The inflow of funds into trusts on ETH amounted to $ 20.2 million – $ 8.7 million less than in the previous week.
Also, a small increase in investments was recorded in funds for ADA and SOL. At the same time, institutional investors withdrew money from funds on BNB and DOT.
Interestingly, last week all firms reported an overall positive balance sheet in their funds. At the same time, Grayscale and Bitwise did not accept investments.
Currently, the total amount of funds in cryptocurrency funds is $ 57.2 billion, of which $ 38.8 billion is invested in Bitcoin products, and $ 14.2 billion in Ethereum trusts.
A recent Nickel Digital Asset Management survey showed that 62% of institutional investors plan to invest in cryptocurrencies in the long term.
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