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Massive inflows into Bitcoin, Ethereum prove this despite corrections
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The entire cryptocurrency market has witnessed a massive setback. Overall, it shed more than 2.5% of its market capitalization, which currently stands at $2.52T. Yet, institutional investors seem unfazed by the bloodbath.
The latestreport published by CoinShares provides some support to this narrative. As of 22 November, Digital Asset Fund Flows Weekly report stated,
“Digital asset investment products saw inflows totaling US$154m last week, with the most recent price correction, where Bitcoin prices fell by 12% over the week, seemingly not impacting the positive investor sentiment.”
As mentioned above, there was a decent hike in inflows as compared to the previous report. At press time, the weekly crypto asset looked like this:
Source:
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