Institutions Are Eagerly Buying BTC, ETH and SOL

It seems that the big players cannot get enough crypto these days. It’s been just reported that the institutions are buying Bitcoin, Ethereum and Solana like there’s no tomorrow. Check out the latest reports below.

An important digital assets manager says crypto investment products focused on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) rebounded in a huge way last week. It’s important to note that the inflows were over $190,000,000.

According to the latest CoinShares Digital Asset Fund Flows Weekly report, the European markets helped boost crypto investment products. These reached limits at the highest inflows since late last year.

“Digital asset investment products saw inflows totaling US$193m last week, the largest since mid-December 2021…”

The notes continued and revealed:

“Regionally, the majority (76%) of inflows came from Europe at US$147m, while the Americas lagged at US$45m, with some providers continuing to see minor outflows.”

Bitcoin reflected investor sentiment the heaviest, and it saw $98 million in inflows last week.

Ethereum (ETH) is usually enduring inflows and outflows in step with its share of the crypto market dominance.

Ethereum products did take in $10.2 million in investor inflows last week, but Solana (SOL) far outperformed ETH.

“Solana saw the largest single week of inflows on record totaling US$87m, representing 36% of AuM [assets under management]. AuM now sits at US$241m, making it the 5th largest investment product and the largest single altcoin other than Ethereum.”

Solana is enjoying larger inflows than Ethereum.

Despite the geopolitical situation that’s been stemming from the war between Russia and Ukraine, the crypto market continues to show strength and resilience. There are all kinds of optimistic predictions about the prices of digital assets these days.

Stay tuned for more news and make sure to keep an eye on the market.