While the crypto markets, including Bitcoin (BTC), continue to correct, institutional investors remain calm, pouring in more funds into cryptocurrencies.
In the week ending Saturday, November 20, cryptocurrencies recorded an inflow from institutional investors to $154 million (excluding exchange-traded funds). This brings the year-to-date institutional investment in cryptocurrencies up to $16.97 billion.
Bitcoin Leads the Institutional Investment
Continuing the trend in November, Bitcoin once again recorded the highest institutional inflows among digital assets. In the week ending November 20, Bitcoin brought in $114.4 million from the $154 million total.
Crypto Institutional Inflows for November 22. Source: Coinshares
The recent investment in Bitcoin brings the total institutional bitcoin investment in 2021 to $6.6 billion. In October, Bitcoin recorded its highest institutional investment, $2 billion, as its price neared its ATH.
On The Flipside
- Amidst rising institutional investment, Bitcoin still continues to correct, and analysts believe that the pullback could last a little longer
Grayscale leads the institutional investment in crypto assets. As of November 19, the investment firm has over $51.9 billion in assets under management.
Why You Should Care?
Institutional investors buying the dip reaffirms their bullish sentiments about Bitcoin, regardless of the current performance of the asset
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