{"id":158948,"date":"2022-06-06T19:04:54","date_gmt":"2022-06-06T19:04:54","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158948"},"modified":"2022-06-06T19:04:54","modified_gmt":"2022-06-06T19:04:54","slug":"amid-crypto-bear-market-institutional-investors-scoop-up-bitcoin-coinshares","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/amid-crypto-bear-market-institutional-investors-scoop-up-bitcoin-coinshares\/","title":{"rendered":"Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares"},"content":{"rendered":"

Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors.\u00a0<\/p>\n

Bitcoin investment products saw cumulative inflows totaling $126 million in the week ending Saturd, according to the latest fund flows report from CoinShares. Year-to-date, Bitcoin investment funds have quietly added $506 million in net inflows. <\/p>\n

Investors appear to be allocating to Bitcoin at the expense of Ether (ETH) and other altcoins. Ether funds saw $32 million in outflows, marking the ninth consecutive week of declines. Outflows from Ether investment products have totaled $357.4 million this year. <\/p>\n

Meanwhile, investments in multi-asset crypto funds rose by $4.3 million last week, bringing the year-to-date total to $201.3 million. <\/p>\n

Grayscale remains the single largest digital asset manager with over $27 billion under management. Roughly 99% of Grayscale’s total assets are devoted to the Grayscale Bitcoin Trust, also known as GBTC.<\/p>\n

Related: <\/em><\/strong>BTC price approaches $32K as analyst warns of ‘boring’ summer for Bitcoin<\/em><\/strong><\/p>\n

Unable to escape the gravitational pull of the traditional financial markets, crypto assets have been in a protracted downtrend for much of 2022. BTC price endured nine consecutive weekly declines \u2014 the longest in history \u2014 as investor sentiment entered a prolonged period of \u201cextreme fear\u201d on the Bitcoin Fear & Greed Index.<\/p>\n

<\/p>\n

Bitcoin narrowly avoided its tenth down week in a row by closing at $29,900 on Sunday \u2014 a mere $450 higher than the previous week. <\/p>\n

Nevertheless, there are some positive signs that institutional investors are buying the dip. In addition to the CoinShares report, a Canadian spot Bitcoin exchange-traded fund operated by Purpose Investments scooped up thousands of BTC last month. By May 13, the Purpose Bitcoin ETF had registered its highest-ever Bitcoin holdings at 41,600 BTC<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Digital asset investment products registered positive inflows<\/p>\n","protected":false},"author":3,"featured_media":158947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAmid crypto bear market, institutional investors scoop up Bitcoin: CoinShares - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/amid-crypto-bear-market-institutional-investors-scoop-up-bitcoin-coinshares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Digital asset investment products registered positive inflows\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/amid-crypto-bear-market-institutional-investors-scoop-up-bitcoin-coinshares\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T19:04:54+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/06\/Amid-crypto-bear-market-institutional-investors-scoop-up-Bitcoin-CoinShares.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/amid-crypto-bear-market-institutional-investors-scoop-up-bitcoin-coinshares\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/amid-crypto-bear-market-institutional-investors-scoop-up-bitcoin-coinshares\/\",\"name\":\"Amid crypto bear market, institutional investors scoop up Bitcoin: CoinShares - 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