Ethereum steals the offer while the founding investors buy weakness, according to Coinshares

Coinshares International Asset and Digital Asset Management Company says that institutional encryption investors continued to buy them for five weeks last week.

According to Coinshares, institutional whales Pour More than a billion dollars in encryption products last week though or perhaps because of the market weakness.

“Investment products in digital assets have witnessed total flows for the fifth consecutive week, which reached a total of $ 1.3 billion, which led to flows for the year to $ 7.3 billion. The recent prices have witnessed the total number of management assets in ETPS (the products circulating on the stock exchange) to 163 One billion US dollars, a decrease from its highest level in late January from 181 billion US dollars.

The United States has led the world at a regional level with a billion dollars in flows. Germany, Switzerland and Canada also provided $ 61 million, $ 54 million and $ 37 million, respectively.

Although Bitcoin (BTC) won $ 407 million last week, there was a sudden new leader to take the lion’s share of flows.

“ETHEREUM stole the offer this week, as the price recently decreased near $ 2100, which leads to a large purchase with flows of $ 793 million, which exceeds bitcoin for the first time this year.”

While multi -asset investment vehicles, or products that invest in a basket of digital assets, have brought $ 14.4 million in flows, XRP led all altcoins other than altcoins to $ 21.1 million in flows. Solana (SOL) products in flows brought $ 11.2 million last week, while SUI (SUI) investment vehicles enjoyed $ 4.3 million.

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