Institutions remain bullish on Cardano and Ether while BTC outflows persist
Cointelegraph
Published Aug 31, 2021 12:11AM ET
Updated Aug 31, 2021 02:00AM ET
Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin.
In its Digital Asset Fund Flows Weekly report on Aug. 30, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive week of inflows to altcoin funds, with investments into altcoin products increasing by 14.3% compared to last week’s $21 million.
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Written By: Cointelegraph
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