Institutional Investors Buy Recent Crypto Dip

Written By Guest User

Full article by James Butterfill found here.

Key Points:

  • Digital assets see capital inflow totaling $95 million last week, bringing the total amount of inflows over the last 6 weeks to $320 million.

  • The inflows indicate that the recent “FUD” regarding the China ban were seen as buying opportunities to investors.

Screenshot 2021-09-29 at 09-49-58 Volume 48 Digital Asset Fund Flows Weekly.png

  • Ethereum showed inflows totaling $29 million last week, while Solana and and Polkadot inflows indicated $3.9 million and $2.4 million respectively.

  • About 6.6% of Ethereum is staked to ETH 2.0, with the total number consistently growing over time as the network continues its protocol update schedule.

Screenshot 2021-09-29 at 10-00-43 Volume 48 Digital Asset Fund Flows Weekly.png

  • Bitcoin saw the largest amount of inflows of any digital asset last week totaling over $50 million. It has also been the target of most of the negative sentiment/media in the space in Q2/Q3 2021.

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