Ethereum

Litecoin

Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/institutional-investors-increasingly-interested-in-cryptocurrencies/" data-wpel-link="internal">Institutional Investors Increasingly Interested in Cryptocurrencies</a><br></p>
<p style="text-align: justify">The anticipated profit-taking downturn in altcoins has begun. BTC is attracting more attention with the upcoming ETF approval, and altcoins are melting. We may see altcoins, pulled back to support regions, fall even further due to a possible “sell the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>” event. On the other hand, institutional investors’ interest is growing exponentially. The GBTC case has become a turning point.</p> 
<h2 style="text-align: justify" id="institutions-and-cryptocurrency">Institutions and Cryptocurrency</h2> 
<p style="text-align: justify">We share with you every Monday the CoinShares report that measures institutional interest in cryptocurrencies. Just now, we received data for the past week. According to this, in the first week of 2024, there was a total inflow of 151 million dollars into cryptocurrency investment funds. Following Grayscale’s legal victory against the SEC, total inflows reached 2.3 billion dollars.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-299580 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/Kripto-Para-Kurumsal-Girisler.png" alt="" width="806" height="807"></p> 
<p style="text-align: justify">BTC saw the largest inflow with 113 million dollars. However, we saw an outflow of 1 million dollars from the ShortBTC fund, which is used to short Bitcoin, during the same period. Despite the spot-based ETF not yet being launched in the USA, 55% of the inflows came from the USA. Germany and Switzerland accounted for 21% and 17% of the inflows, respectively.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-299581 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/Altcoinler-Kurumsal-Girisler.png" alt="" width="852" height="660"></p> 
<p style="text-align: justify">While Ethereum saw a total inflow of 215 million dollars over the last 9 weeks, Solana experienced an outflow of 9 million dollars in the first week of the year. Cardano, <a href="https://en.coin-turk.com/avalanche-foundation-decides-to-add-meme-coins-to-its-portfolio/" data-wpel-link="internal">Avalanche</a>, and Litecoin saw inflows ranging between 3.7 million and 1.4 million dollars.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/institutional-investors-increasingly-interested-in-cryptocurrencies/" data-wpel-link="internal">Institutional Investors Increasingly Interested in Cryptocurrencies</a></h5>

Institutional Investors Increasingly Interested in Cryptocurrencies

Table of Contents

COINTURK NEWS

Other articles published on Jan 8, 2024

Crypto Market Corrections and Accelerating Momentum

Upbit secures Major Payment Institution (MPI) license from Singapore MAS

What Lies Ahead for Ripple in 2024? AI Altcoin Captures Reddit Community’s Focus

Best Crypto to Buy Now January 8 – Injective, Stacks, Axelar

Bitcoin spot ETFs are exciting, but don’t forget the halving

Ethereum Insider Claps Back: Threatens To Expose Criminals Of An Unprecedented Magnitude

Join our free newsletter for daily crypto updates!