{"id":335722,"date":"2021-09-07T04:34:13","date_gmt":"2021-09-07T01:34:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/institutional-exposure-to-altcoin-products-retests-all-time-high\/"},"modified":"2021-09-07T04:34:13","modified_gmt":"2021-09-07T01:34:13","slug":"institutional-exposure-to-altcoin-products-retests-all-time-high","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/institutional-exposure-to-altcoin-products-retests-all-time-high\/","title":{"rendered":"# Institutional exposure to altcoin products retests all-time high"},"content":{"rendered":"

“# Institutional exposure to altcoin products retests all-time high <\/strong>”
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Institutional demand for altcoin exposure has surged to record levels, with the altcoin market share now representing a record 35% of capital locked in crypto investment products.<\/p>\n

According to CoinShares\u2019 Sept. 7 Digital Asset Fund Flows Weekly<\/em> report<\/a>, nearly 40% of the past week’s inflows to digital asset investment products were allocated t instruments tracking altcoins. <\/p>\n

While $97.8 million was invested into crypto investment products combined between Aug. 30 and Sept. 3 to mark the sector\u2019s third consecutive week of inflows, $38.9 million was invested into altcoin products.<\/p>\n

This past week also saw a sizeable increase in institutional crypto investments, with the previous two weeks recording inflows of $24 million and $21 million respectively.<\/p>\n

Roughly 35% of capital invested in institutional crypto investment products is currently locked in instruments tracking assets other than Bitcoin \u2014 comprising a retest of the metric\u2019s all-time high from May.<\/p>\n

Ethereum (ETH) tracking products led the altcoin pack for the second week in a row, recording inflows of $14.4 million, a 16.2% decrease from the previous week\u2019s $17.2 million.<\/p>\n

There was a whopping 388% spike in weekly inflows for Solana (SOL)-based products, with SOL products absorbing $13.2 million. This coincided with the price of SOL gaining 37% over the same period.<\/p>\n

CoinShares highlighted that inflows to Solana products doubled year-to-date (YTD) this past week, with $25 million having been invested into SOL instruments during the entirety of 2021 so far. SOL-based products now represent $44 million in total assets under management (AUM). <\/p>\n

Cardano (ADA) and Polkadot (DOT)-based funds also saw notable inflows of $6.5 million and $2.7 million respectively. <\/p>\n

Bitcoin (BTC) investment products bucked an eight-week trend of outflows \u2014 <\/em><\/strong>the longest streak on record for any digital asset product \u2014 <\/em><\/strong>after enjoying inflows of $58.9 million for the week. Despite the bullish shift in momentum, BTC investment products have posted outflows for 14 of the past 17 weeks. <\/p>\n

Related: <\/em><\/strong>The total market cap of public crypto stocks has quadrupled since January<\/em><\/strong><\/p>\n

According to CoinShares estimates, institutional asset managers currently represent a total AUM of $62.5 billion combined \u2014 nearing the record high of $66 billion posted during mid-May.<\/p>\n

Top institutional asset manager Grayscale continues to dominate the competition, representing 73% of the sector’s combined AUM with $46.2 billion. <\/p>\n