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Overtaken By Bitcoin On Institutional Inflows As Market Declines :

Bitcoin (BTC) receives major attention from Institutional Investors.

This is after ALTs coins stole the show in August.


Data from analysis from crypto asset management firm CoinShares reveals 59 million flowed into bitcoin last week, staging a recovering of outflows in August.


Bitcoin has overtaken Etheruem, Solana, Cardano, XRP and Polkadot in records of institutional inflows.

This means a turnaround in sentiment amongst investors.


Aside Bitcoin, altcoins likes the smart contract platform Solana (SOL) remains at the top game.

It has seen a continues upward trend as investors pump in more money into it. SOL registered a new all-time high of $195 while other altcoins bleeds due to market decline.

Solana, however is currently settling at $175 after a minor retracement.


Nonetheless, CoinShares revelas other top altcoins like Ethereum (ETH), Cardano (ADA), Polkadot (DOT), and XRP also had reasonable inflows this past week.

Cardano, Polkadot, and Ripple all saw a remarkable inflows of US$6.5m, US$2.7m, and US$1.2m respectively.

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