Ethereum

Solana

Bitcoin

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 <p>Rising optimism in crypto has pushed institutional investors into making their largest allocation of capital into digital assets markets in over a year.</p>
 <p>In its latest report, Digital assets manager CoinShares says institutions put $326 million into crypto investment products last week, the largest weekly inflow since July of 2022.</p>
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 <p>CoinShares says the inflows coincide with growing optimism from investors that the US Securities and Exchange Commission (SEC) is likely on the verge of approving a spot-based Bitcoin (BTC) exchange-traded fund (ETF) in the US.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://cdn.thebittimes.com/images/2023/10/31/a8856234055d9d0b66dcec6e6adc845c.webp" alt="" width="1400" height="1415">
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   Source: CoinShares
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 <p>With the perceived likelihood of a Bitcoin ETF, BTC saw 90% of the inflows from institutions, says CoinShares. However, the firm says that the inflows were still not historically significant for the king crypto, suggesting potential hesitancy among investors.</p>
 <p><em>“While positive for Bitcoin, this weekly inflow ranks as only the 21st largest on record, suggesting continued restraint amongst investors, although we do believe a spot-based ETF is now highly likely in the coming months, and will represent a step-change for the industry from a regulatory perspective.”</em></p>
 <p>CoinShares data shows that once again, Ethereum (ETH) rival Solana (SOL) saw the most amount of capital flows, making it a “favorite” among institutions in 2023.</p>
 <figure id="attachment_264422" aria-describedby="caption-attachment-264422" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-264422 size-full" src="https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp" alt="" width="1024" height="https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp" srcset="https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 13https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webpw, https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp?resize=300,https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 300w, https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp?resize=768,https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 768w, https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp?resize=1024,https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 1024w, https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp?resize=120,https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 120w, https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp?resize=750,https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 750w, https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp?resize=1140,https://cdn.thebittimes.com/images/2023/10/31/ec7ef7c35dbfa1093dc4db8e5740b495.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinShares
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 <p>CoinShares says that only 12% of the flows came from the US. The largest amount of capital flows came from Canada, Germany and Switzerland, with inflows of $134 million, $82 million and $50 million respectively. $28 million came from Asia, which is the largest weekly flow from the region in recorded history, says CoinShares.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/326-000-000-in-institutional-capital-hits-bitcoin-and-altcoins-in-largest-wave-since-july-2022-coinshares-tbt68418.html">https://thebittimes.com/326-000-000-in-institutional-capital-hits-bitcoin-and-altcoins-in-largest-wave-since-july-2022-coinshares-tbt68418.html</a></p>

$326,000,000 in Institutional Capital Hits Bitcoin and Altcoins In Largest Wave Since July 2022: CoinShares

TheBitTimes

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