CoinShares: Investors doubled investments in cryptocurrency tools – Bits Media

According to Coinshares, institutional investors for the period with 4 by 8 October was invested in cryptocurrency products $226 million. This is more, which is doubled by the influx of funds in the previous week.

According to the report
Analysts Coinshares, Last week has become the most Successful over the past five months. At the same time, the lion's share of attention was attracted by investment tools for bitcoin - the influx of funds in such products $225 million. But the products on the air showed a noticeable outflow of funds - it was bred $13,6 million.

Among the altcoins, the leader in the attraction of investments were trusting on the Sol coin - such products were invested $12,5 million, And this is more 10% from the total amount of funds in such funds. Also, a positive balance is recorded in products on ADA and BCH - $3,0 million and $0,3 million respectively. But funds for DOT coins, LTC and XRP "lost a little". The leader in the outflow of funds was Polkadot cryptocurrency products, Where they got it out $2,1 million. Trusts for several assets showed an influx of funds in the amount $2 million.

As for companies, then most of the ETC Group funds attracted, Where was invested $165,1 million. Note, that it is about 12% from the total amount of assets under the control of this company. Coinshares Physical products were also popular, which attracted $54,7 million.

Currently, Bitcoin products have been invested $45,7 billion, And in the tools for the air - $16,08 billion. The total investment is $66,7 billion. The leader of the market remains Grayscale, asset manager for $48,4 billion.

Earlier, JPMorgan Analysts noted, that institutional investors invest money in bitcoin to protect against inflation. The first cryptocurrency for such investors becomes even more interesting, than investments in gold.