cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home News

Institutions Leaving ETH for Competing Altcoins, CoinShares Report Reveals

ccLink by ccLink
April 27, 2022
in News
0
Institutions Leaving ETH for Competing Altcoins, CoinShares Report Reveals
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Crypto Billionaire’s LUNA Tattoo Reminds Him to be Humble in Investing

Crypto Billionaire’s LUNA Tattoo Reminds Him to be Humble in Investing

May 21, 2022
Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?

Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?

May 21, 2022

According to analysis from CoinShares, investors have favoured smaller layer-one altcoins of late with institutional capital outflows from Ethereum hitting US$17 million:

According to a weekly report by asset management firm CoinShares, institutional investor funds flow to digital assets such as crypto assets (cryptocurrency) investment trusts have exceeded outflows for the second straight week. pic.twitter.com/kgT8iCuN9M

— Snow (@Snow76231837) April 20, 2022

Smart Money Favours Layer-One Projects

Institutional investors have been shifting their attention away from Ethereum to competing layer-one blockchain projects, with capital inflows for altcoins increasing while ETH products posted outflows for the third consecutive week. Data from CoinShares’ Digital Asset Fund report shows that investors bought up US$3.5 million worth of Avalanche, Solana, Terra, and Algorand.

The data shows total outflows of ETH now amount to US$59.3 million, around 35 percent of the year-to-date outflows of US$169 million.

Weekly Flows from ETH. Source: CoinShares

Decentralised application usage on Solana in the past week has increased, according to data from DappRadar. While the metrics from Avalanche’s DApp usage have not increased over the week, the project’s investment in incentive programs and millions spent bringing developers to the platform signal a bullish future.

Significant Shift in Past Three Weeks

Inflows into Avalanche, Solana, Terra and Algorand were US$1.8 million, US$800,000, US$700,000, and US$200,000 respectively, with Bitcoin recording inflows worth US$2.6 million for the first time in two weeks. Over the past three weeks, total outflows were US$219 million, a significant shift from the US$134 million that left the market in the first week of April.

In March, another report released by CoinShares showed that institutional crypto funds had seen their biggest capital inflows since December 2021, with over US$193 million coming in during the week ending March 25.

  • Crypto News
  • Algorand (ALGO)
  • Avalanche (AVAX)
  • Ethereum (ETH)
  • Solana (SOL)
  • Terra (LUNA)

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.

View Source

Tags: bitcoinInstitutionsLeaving
Share76Tweet47

Related Posts

Crypto Billionaire’s LUNA Tattoo Reminds Him to be Humble in Investing

Crypto Billionaire’s LUNA Tattoo Reminds Him to be Humble in Investing

by ccLink
May 21, 2022
0

Galaxy Digital CEO and crypto billionaire Mike Novogratz broke the silence on his Terra-LUNA-inspired tattoo a week after the cryptocurrency...

Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?

Brazilian Crypto Exchange Refunds TerraUSD (UST) at $1 for Customers, a New Precedent Set?

by ccLink
May 21, 2022
0

A cryptocurrency exchange in Brazil has taken the unprecedented step of spending its own money to refund customers for their...

What Happened to LUNA & Terra? A Death Spiral, an Offering Trap, and a Mathematical Drawback

What Happened to LUNA & Terra? A Death Spiral, an Offering Trap, and a Mathematical Drawback

by ccLink
May 21, 2022
0

1. What happened to Terra? Terra, the most famous algorithm stable coin project in the cryptocurrency market, experienced a disastrous...

Tim Draper Bullish on Bitcoin Due to Its Inflation Hedge Traits

Tim Draper Bullish on Bitcoin Due to Its Inflation Hedge Traits

by ccLink
May 21, 2022
0

Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even...

Avalanche Crumbles More Than 16% As Crypto Landslide Continues

Avalanche Crumbles More Than 16% As Crypto Landslide Continues

by ccLink
May 20, 2022
0

Avalanche (AVAX), dubbed the “Ethereum killer,” has plunged to more than 16% following the disastrous crypto market scenario. Other crypto...

Load More
  • Trending
  • Comments
  • Latest
🚨 BTC, ETH, CRO, SHIB: ATTENZIONE A DOMANI – CRYPTO.COM FA DIETROFRONT? (ascolta ora)

🚨 BTC, ETH, CRO, SHIB: ATTENZIONE A DOMANI – CRYPTO.COM FA DIETROFRONT? (ascolta ora)

May 9, 2022
LUNA Price Pumping Today, up Over 1700%, Should You Buy The Dip?

LUNA Price Pumping Today, up Over 1700%, Should You Buy The Dip?

May 14, 2022
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
Coinstash Earn Offers Australians Rewards Of Up To 18% On Their Crypto and 4.20% On Their AUD Savings

Coinstash Earn Offers Australians Rewards Of Up To 18% On Their Crypto and 4.20% On Their AUD Savings

April 22, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
Waqar Zaka Big Revelation | Why is crypto down? | Bitcoin falls

Waqar Zaka Big Revelation | Why is crypto down? | Bitcoin falls

May 21, 2022
Crypto.com: What’s Goin On With CRO!? Deep Dive!!

Crypto.com: What’s Goin On With CRO!? Deep Dive!!

May 21, 2022
BITCOIN CRASH, 35K $ ULTRA IMPORTANT ! 🚨

BITCOIN CRASH, 35K $ ULTRA IMPORTANT ! 🚨

May 21, 2022
Coinbase Crypto Wallet Bankruptcy Danger

Coinbase Crypto Wallet Bankruptcy Danger

May 21, 2022

Join our mailing list

Tags

ADA altcoin altcoins best altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today crypto trading DEFI Dogecoin ETH Ethereum Finance investing metaverse Money nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.

bitcoin
Bitcoin (BTC) $ 29,381.00 0.47%
ethereum
Ethereum (ETH) $ 1,971.84 0.32%
tether
Tether (USDT) $ 1.00 0.12%
usd-coin
USD Coin (USDC) $ 1.00 0.19%
xrp
XRP (XRP) $ 0.412392 0.22%
solana
Solana (SOL) $ 50.00 0.12%
terra-luna
Terra (LUNA) $ 0.000140 31.13%
cardano
Cardano (ADA) $ 0.525025 0.16%
polkadot
Polkadot (DOT) $ 10.11 3.69%
avalanche-2
Avalanche (AVAX) $ 29.42 0.92%
terrausd
TerraUSD (UST) $ 0.063298 13.70%
dogecoin
Dogecoin (DOGE) $ 0.084390 0.28%