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Institutional managers hold a record $72.3B of crypto — CoinShares
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Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report.
Total assets held by institutional managers reached $72.3 billion for the week ending Oct. 17, the highest level on record. By comparison, institutional crypto holdings were worth $57 billion in March and reached $71.6 billion in May.
For the latest week, digital asset investment products saw inflows totaling $80 million. Bitcoin products attracted the largest investments at $70 million, marking the fifth consecutive week of inflows. Institutional investors also increased their holdings of Polkadot (DOT) and Cardano (ADA) products by $3.6 million
Read more on cointelegraph.comAbout this in other media
Institutional managers bought $2B worth of Bitcoin in October cointelegraph.com /2 years ago
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