Institutional investors continue to be bullish on Cardano and Ether: BTC continues to record outflows
Institutional inflows into altcoin investment products continued to rise over the past week as well. This is not possible for (BTC).
Institutional asset manager CoinShares saw inflows of $ 24 million into altcoin investment products in its weekly digital asset flow report on Monday. This is the second week in a row that there have been inflows into altcoin funds. That said altcoin products are up 14.3 percent from $ 21 million last week.
Ether (ETH) was the darling of institutional investors with ETH products seeing weekly inflows of $ 17.2 million. The report said products that track ethers and other altcoins would now represent 32 percent of the total assets under management in the sector. That is only 3 percent less compared to the record of 35 percent in mid-May.
Read on on Cointelegraph
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