Institutional investors increase their crypto holdings for 5th straight week

Cointelegraph

Published Sep 20, 2021 03:15PM ET

Updated Sep 21, 2021 05:20PM ET

Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins.

Investment flows into crypto products totaled $42 million in the week ending on Sept. 19, with Bitcoin funds seeing inflows of $15 million, according to digital asset manager CoinShares. That’s only the third time in 16 weeks that BTC investment products saw positive inflows.

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