Buying the dip? Big investors are taking advantage of low BTC prices, provoking a positive inflow of the coin, as opposed to ETH.
Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin funds, signaling a more cautious approach to crypto allocation on the part of institutional investors.
Bitcoin investment products saw cumulative inflows totaling $126 million in the week ending Saturday, according to the latest fund flows report from CoinShares. Year-to-date, Bitcoin investment funds have quietly added $506 million in net inflows. Investors appear to be allocating to Bitcoin at the expense of Ether 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.
Meanwhile, investments in multi-asset crypto funds rose by $4.3 million last week, bringing the year-to-date total to $201.3 million. 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
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