Institutional Investors Pour $1 Billion into Bitcoin and Ethereum, Reversing Outflow Trend
Institutional Investors Pour $1 Billion into Bitcoin and Ethereum, Reversing Outflow Trend
Institutional investors have collectively invested $1 billion into Bitcoin and other crypto assets within a single week, as reported by CoinShares. This significant inflow marks a reversal of a five-week period that saw $4 billion in outflows. Bitcoin was the primary beneficiary, attracting $881 million, with Ethereum following, receiving $117 million in inflows.
Institutional investors just bought an overall total of $1 billion in Bitcoin and crypto assets in one week, according to a new update from Coinshares. The inflows mark a reversal from a five-week streak of outflows totaling $4 billion. Bitcoin dominated the buying, drawing $881 million. Ethereum followed with $117 million in inflows, marking its […]