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In Institutional Investments, Bitcoin Has Reached New Highs Of $6.4 Billion

Bitcoin’s (BTC) price has topped $68,000, resuming its historic high in 2021. According to a CoinShares analysis, institutional investors account for a portion of this shift.
According to the document, the figure reached a new high of $6.4 billion.

Large investors put $8.9 billion into the market as a whole. The figure represents a $2.2 billion increase over the total for 2020.

 

While Bitcoin set a new high and currently accounts for 66 percent of all institutional inflows, other cryptocurrencies have grown as well. For example, Ethereum (ETH) received $1 billion in investments last year, accounting for 25% of all investments.

According to James Butterfill, investment analyst at CoinShares, excitement has reintroduced investors to the market. As a result, the cryptocurrency was able to renew its highs and gain 7.45 percent in the last seven days.

“ETH saw renewed positive sentiment with entries totaling $31 million last week. Ethereum’s market share has suffered in recent months due to Bitcoin’s dominance, but the recent combination of positive pricing and entry performance has helped the market,” said Butterfill.

Solana was the star of the show, garnering $154 million in investments for 2021. The cryptocurrency gained 19 percent in the last seven days, consolidating its position as one of the largest in terms of market capitalization.

The largest “conflict” occurred, however, between Polkadot (DOT) and Cardano (ADA), which both recorded the same amount of investment – $92 million.

The ADA’s movement was more expressive at the start of the year, while the DOT saw significant growth, owing mostly to the launch of parachains.

DOT reported an investment inflow of $9.6 million last week. This value, like the BTC, is a record in the cryptocurrency’s historical records.