New Records for Crypto Institutional Investments
A new research from CoinShares shows that $57 billion have been invested from institutional investors in cryptocurrencies, with a main investment tool to be Bitcoin.
During the past week, the new inflows reached $100 million, including $10 million invested from Grayscale Investments, updating its position in the cryptos to $2.3 billion.
Excepting Ripple, which faces problems with SEC, the rest of cryptocurrencies have seen large inflows comparing to previous periods, especially from investors from Europe and Canada. It is worth noted that Purpose ETF from Canada, which has excessive demand, overthrowing other investment products in Canada.
This shows that institutional investors are waiting for returns on their positions through the next mid-term period.