Bitcoin Price Dips, But Records Highest Institutional Inflows
DailyCoin
Published Nov 23, 2021 09:09AM ET
Updated Nov 23, 2021 09:31AM ET
Bitcoin Price Dips, But Records Highest Institutional Inflows
While the crypto markets, including Bitcoin (BTC), continue to correct, institutional investors remain calm, pouring in more funds into cryptocurrencies.
In the week ending Saturday, November 20, cryptocurrencies recorded an inflow from institutional investors to $154 million (excluding exchange-traded funds). This brings the year-to-date institutional investment in cryptocurrencies up to $16.97 billion.
Bitcoin Leads the Institutional Investment
Continuing the trend in November, Bitcoin once again recorded the highest institutional inflows among digital assets. In the week ending November 20, Bitcoin brought in $114.4 million from the $154 million total.
Crypto Institutional Inflows for November 22. Source: Coinshares
The recent investment in Bitcoin brings the total institutional bitcoin investment in 2021 to $6.6 billion. In October, Bitcoin recorded its highest institutional investment, $2 billion, as its price neared its ATH.
On The Flipside
- Amidst rising institutional investment, Bitcoin still continues to correct, and analysts believe that the pullback could last a little longer
Grayscale leads the institutional investment in crypto assets. As of November 19, the investment firm has over $51.9 billion in assets under management.
Why You Should Care?
Institutional investors buying the dip reaffirms their bullish sentiments about Bitcoin, regardless of the current performance of the asset
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Get The News You Want
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.