A recent CoinShares report, which publishes the results of the world’s largest crypto funds every Monday, shows that last week, institutional investors were most interested in the cryptocurrency BTC.
Coinshares always publishes the numbers of the most watched cryptofunds Grayscale, Coinshares, 3iQ, 21Shares, Purpose, ETC Group and Bitwise at the beginning of the week. Through these funds, institutions can invest in cryptocurrencies BTC, ETH, Binance Coin, Solana, Cardano, XRP, Polkadot, litecoin, BTC Cash or in a basket of various digital assets.
There was clearly the greatest interest in BTC
According to the latest report, accredited investors invested the most in BTC last week, whose balance sheet rose by $ 68.7 million. It happened for the third week in a row that ended up with these cryptofunds in the black (together, in the last three weeks, institutions have invested $ 115 million in it through these investment instruments).
The second biggest interest was in ETH, whose balance rose by more than $ 20 million. This was followed by a basket of various cryptocurrencies (1.9m), Cardano (1.1mm) and Solana (0.7m). From the lower interest in altcoins, it is clear that at the beginning of the last quarter of this year, the greatest attention of solvent investors will again be focused on the strongest cryptocurrency on the market.
Investors believe in cryptocurrencies again
Last week was the seventh in a row in which the monitored cryptofunds ended in black numbers, which confirms the reversal of the sentiment of institutions towards the digital asset market.
Cryptofunds are not the only instruments through which institutions can invest in BTC or other cryptocurrencies. However, the numbers from them illustrate quite well the mood, among other things, in connection with cryptocurrencies. The positive phenomenon is above all the fact that after the latest ban on cryptocurrencies in China, the institutions’ interest in BTC is not only not lacking, but on the contrary has strengthened.