Institutional Inflows Into Bitcoin Sees Significant Increase
Smart money is and will be pouring money into Bitcoin, you can bet on that. Latest report from CoinShares shows a significant increase in institutional investors:
Institutional Inflows Into Bitcoin Sees Significant Increase After 8-Week Dry Spell
Bitcoin investment inflows from institutional investors came to a halt for the past four months. But a recent report from CoinShares has shown that the space has started to come out of this rut.
Outflows had dominated the space as bitcoin’s price started to climb back up. Last week recorded the first major change in the flow direction when institutional demand saw a jump during this time. For the first time after eight consecutive weeks, institutional inflows to BTC were higher than the outflows.
On the other side of this, retail demand had been up for the time institutional demand was down. It looked like institutions were taking their time even as the market climbed. The first week of September came with a change in this tone. Inflows from both retail and institutional investors jumped at the beginning of the month, which helped push the price of bitcoin over $52K for the first time in months.