The mass adoption of digital assets has been one of the most important goals in the crypto space. There are all kinds of moves in this direction and they continue.
As you probably know by now, institutional investment is key to mass crypto adoption and now, according to the latest reports, institutional money is flowing into Bitcoin, Ethereum, and Solana.
Institutions pour money into BTC, ETH, and SOL
It’s been just reported that the digital asset manager CoinShares is detailing a shift in the way institutions are allocating capital to Bitcoin and the altcoin markets.
According to the firm’s latest report, there’s massive inflow triggered by the launch of the first Bitcoin (BTC) futures exchange-traded fund (ETF) in the US that has evened out.
The asset manager says that BTC saw roughly $268,000,000 in new inflows, compared to $1,450,000,000 the week before.
It’s also important to note that at the same time, CoinShares made sure to report an increase in inflows to smart contract platforms Ethereum (ETH) and Solana (SOL).
“After three consecutive weeks of outflows, Ethereum broke the streak with $16,600,000 in inflows. Solana is also on the rise, recording more than $14,700,000 in inflows compared to $8,000,000 last week.”
CoinShares also mentioned PolkaDot:
“Polkadot (DOT) burst onto the scene, recording $6,200,000 in inflows compared to $400,000 the week before. Cardano (ADA) remained steady at $5,000,000 compared to a previous total of $5,300,000.”
The online publication the Daily Hodl notes that the institutions target specific altcoins, they are simultaneously pulling money away from multi-asset investment products.
“Multi-asset investment products saw outflows totaling a record US$23m, in what is now a 3-week run of outflows. We believe investors are currently preferring single-line exposure and are becoming more discerning over their altcoin exposure.”
We suggest that you check out the complete report and find out all the available details. Stay tuned for more news.