Institutions Are Pouring Capital Into ETH, SOL As The Crypto Market Recovers

It seems that the crypto market is recovering and things are starting to go great again. Check out the latest news about where institutional money is going these days.

A leading digital assets manager says institutional investors managed to get back an appetite for altcoins after market sentiment had a rocky start in 2022.

According to the latest CoinShares Digital Asset Fund Flows Weekly Report, crypto investment products saw $180 million in inflows last week. It’s also important to note that the vast majority of the inflows are deriving from Europe.

“Digital asset investment products saw inflows totaling $180 million last week while the reporting of some late trades pushed up the previous week’s inflows from $193 million to $244 million… A regional divide remains, with 99% of inflows derived from Europe, while the Americas remain hesitant, seeing only $1.7 million of inflows.”

Another important issue worth noting is that most asset investment products focused on Bitcoin (BTC) enjoyed inflows of $144 million last week. Despite the big numbers, CoinShares says BTC investments are lagging compared to last year.

“Bitcoin saw inflows [last] week totaling $144 million, bringing year-to-date inflows to $350 million… Inflows are lagging relative to last year, where Bitcoin saw inflows totaling $3 billion in the first quarter, a particularly euphoric period for the asset.”

Even if Ethereum (ETH) products also enjoyed heavy inflows last week, CoinShares says ETH’s negative net flows for 2022 fall far behind expectations set in 2021.

At the moment of writing this article, BTC and ETH are both trading in the green and the king coin is priced above $46k. ETH is priced at $3,525.

In a new interview, the Real Vision CEO unveils three massive catalysts that he believes will accelerate the growth of Bitcoin and the rest of the crypto markets.

“For sovereign states, particularly sovereign wealth funds, they will look for a long duration asset, which gives them some security, so it has a place, so we will see a further adoption for sovereign states of this, not necessarily as a currency, but as an asset.”

He continued and said: “I think that’s very interesting. I think that’s the place of Bitcoin in the world as a kind of pristine collateral reserve asset.”

Stay tuned for more news.