CoinShares: Smart Money Flocks To These 3 Altcoins!
Renowned investment firm CoinShares says institutional investors are flocking to newly created tier-1 altcoin investment artifacts. As Kriptokoin.com , we have compiled the details for you, let’s examine the subject together…
CoinShares: Institutional investors flock to these 3 altcoin projects!
Institutional investors are now investing in different altcoins. Famous investment company CoinShares shared the details in its latest altcoin report. As Bitcoin (BTC) entered over $20 million and Ethereum (ETH) broke its nine-week exit trend, institutions have also flocked to newly created altcoin investment artifacts for Terra (LUNA), Tezos (XTZ), and Cosmos (ATOM). CoinShares made the following statement:
Recently created altcoin investment artifacts Terra, Tezos, and Cosmos saw inflows of $2.2 million, $0.9 million, and $0.6 million, respectively.
According to CoinShares, Bitcoin, the largest cryptocurrency by market capitalization, took the largest entry stake last week, reaching $25 million.
Institutional money flowed into these 6 altcoins last week!
After nine weeks of exits, Ethereum, the leading smart contract platform and the second largest cryptocurrency by market cap, was the asset with the second largest institutional entry last week. CoinShares commented:
Ethereum finally broke its 9-week exit spell with $21 million USD entries last week.
Last week, Solana (SOL), Binance Coin, Polkadot, Cardano and XRP also received funding from institutional investors.
