$25 million in institutional capital flowed into AVAX, while ETH pulled $15 million last week
$25 million in institutional capital flowed into AVAX, while ETH pulled $15 million last week.
Despite escalating political tensions surrounding Russia-Ukraine, crypto investment products have seen inflows for the fifth consecutive week, according to a report.The latest from cryptocurrency fund management organization CoinShares.
CoinShares weekly cash flow analysis report revealed Avalanche as the second best performing project for the week ended Feb. 21 with a total inflow of $25 million.
Ethereum sees $15 million outflow
According to the report, institutional investors poured $109 million into crypto investment products last week, despite recent price weakness due to a slew of macro troubles — including rising tensions in Eastern Europe as the White House is about to issue an executive order that would U.S. government agencies are developing a national strategy to regulate the cryptocurrency market.
“While there were inflows from both Europe and America, it was mostly America at $101 million.”
Weekly Crypto Asset Cash Flow | Source: CoinShares
Bitcoin saw nearly $89 million in the past week, its highest inflow since December 2021. However, volumes “remain relatively low,” with total inflows totaling $221 million over the past five weeks, representing 0 .7% of total assets under management (AUM).
Digital asset fund cash flow after investment | Source: CoinShares
Meanwhile, Ethereum saw the biggest outflow of the week at $15 million, followed by Binance (-$0.5 million) and Ripple (-$0.1 million).
AVAX has the second best record of the week
Last week, Avalanche emerged as the second-best performer with a total investment inflow of $25 million.
Touted as the fastest smart contract platform in the blockchain industry, Avalanche has emerged as one of Ethereum’s main competitors among the fast-growing Layer 1 networks.
Launched in 2020 by Ava Labs, Avalanche quickly gained prominence in the DeFi space and today hosts 170 protocols, the fourth chain based on Total Value Locked (TVL).
With $10.5 billion in TVL, Avalanche now ranks behind Ethereum ($117.3 billion), Terra ($16 billion), and Binance Smart Chain ($11.9 billion), according to Cointelegraph DeFi Llama data. Dollar).
TVL’s top 5 blockchains | Source: DeFi Llama
“As this outflow represents a one-day trade, it is too early to tell if this represents widespread appetite for altcoins,” CoinShares added.
Meanwhile, blockchain stocks remain popular with institutional investors, with inflows totaling $26 million across a range of investment products.
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$25 million in institutional capital flowed into AVAX, while ETH pulled $15 million last week
$25 million in institutional capital flowed into AVAX, while ETH pulled $15 million last week.
Despite escalating political tensions surrounding Russia-Ukraine, crypto investment products have seen inflows for the fifth consecutive week, according to a report.The latest from cryptocurrency fund management organization CoinShares.
CoinShares weekly cash flow analysis report revealed Avalanche as the second best performing project for the week ended Feb. 21 with a total inflow of $25 million.
Ethereum sees $15 million outflow
According to the report, institutional investors poured $109 million into crypto investment products last week, despite recent price weakness due to a slew of macro troubles — including rising tensions in Eastern Europe as the White House is about to issue an executive order that would U.S. government agencies are developing a national strategy to regulate the cryptocurrency market.
“While there were inflows from both Europe and America, it was mostly America at $101 million.”
Weekly Crypto Asset Cash Flow | Source: CoinShares
Bitcoin saw nearly $89 million in the past week, its highest inflow since December 2021. However, volumes “remain relatively low,” with total inflows totaling $221 million over the past five weeks, representing 0 .7% of total assets under management (AUM).
Digital asset fund cash flow after investment | Source: CoinShares
Meanwhile, Ethereum saw the biggest outflow of the week at $15 million, followed by Binance (-$0.5 million) and Ripple (-$0.1 million).
AVAX has the second best record of the week
Last week, Avalanche emerged as the second-best performer with a total investment inflow of $25 million.
Touted as the fastest smart contract platform in the blockchain industry, Avalanche has emerged as one of Ethereum’s main competitors among the fast-growing Layer 1 networks.
Launched in 2020 by Ava Labs, Avalanche quickly gained prominence in the DeFi space and today hosts 170 protocols, the fourth chain based on Total Value Locked (TVL).
With $10.5 billion in TVL, Avalanche now ranks behind Ethereum ($117.3 billion), Terra ($16 billion), and Binance Smart Chain ($11.9 billion), according to Cointelegraph DeFi Llama data. Dollar).
TVL’s top 5 blockchains | Source: DeFi Llama
“As this outflow represents a one-day trade, it is too early to tell if this represents widespread appetite for altcoins,” CoinShares added.
Meanwhile, blockchain stocks remain popular with institutional investors, with inflows totaling $26 million across a range of investment products.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
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