Logo
Cardano Ecosystem

BitcoinEthereumNews

11/04/2021

·

608 views


Institutional investments into cryptos like Solana, Cardano, and Bitcoin is already 30% higher than 2020

The post Institutional investments into cryptos like Solana, Cardano, and Bitcoin is already 30% higher than 2020 appeared on BitcoinEthereumNews.com. Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the...

Institutional investments into cryptos like Solana, Cardano, and Bitcoin is already 30% higher than 2020

Deposit and Earn Up to $3000 Bonus

Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares.

Bitcoin remains number one

The Coinshare’s report, released on November 1, revealed that investment into the crypto industry in the preceding week was around $288 million which took the total amount of inflow the space has seen this year to $8.7 billion —a figure that is 30% higher than all what was seen last year.

According to the report, Bitcoin continues to top the chart of crypto assets with the highest institutional inflows. Last week alone, $269 million was invested into the flagship digital asset by institutional investors.

Though this current number pales significantly against what was seen a fortnight ago when investments into BTC was over $1 billion due to the approval of a Bitcoin futures ETF by the United States Securities and Exchange Commission (SEC).

Altcoins performance also picks up

On Altcoins, CoinShares investment strategist James Butterfill wrote that this asset class also performed admirably well.

Ethereum, for instance, was able to finally see some level of inflows after it had three straight weeks of outflow. Per the report, the total institutional inflow into Ethereum this year is now $1 billion. The value of the second largest crypto asset by market cap has since set a new ATH following in the footsteps of its more illustrious counterpart.

Other digital assets like Solana, Cardano, and Polkadot saw inflows totaling $15 million, $5 million, and $6.2 million respectively.

Speaking on the behaviors of investors, it was noted that “investors are currently preferring single-line exposure and are becoming more discerning over their altcoin exposure” because “multi-asset investment products saw outflows totaling a record US$23m, in what is now a 3 week run of outflows.”

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Deposit and Earn Up to $3000 Bonus

Like what you see? Subscribe for updates.

Source: https://cryptoslate.com/institutional-investments-into-cryptos-like-solana-cardano-and-bitcoin-is-already-30-higher-than-2020/


YouTube video

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/bitcoin/...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.6K views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)