Institutions appear bullish on crypto despite record Bitcoin outflows
Cointelegraph
Published Aug 22, 2021 07:47AM ET
Updated Aug 22, 2021 09:20AM ET
At the start of 2021, the cryptocurrency industry was bursting with news of increased institutional investment, and this is still largely true. Despite reports suggesting increased outflows from institutional investors, net inflows are still very much positive. Additionally, though Bitcoin (BTC) appears to be the investment of choice for liquidations, institutional investment into Ethereum (ETH) has never been healthier.
From Wall Street hedge funds to major banks, large-scale investors are hopping aboard the crypto train. Bitcoin's fall from its all-time high at $65,000 placed doubt in the minds of all cryptocurrency investors, though that could be changing as its price has since started to recover.
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Written By: Cointelegraph
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