The crypto markets continue to improve, but institutional investors are still calm and pour more money into cryptocurrency.

The week ended Saturday, November 20th and cryptocurrencies saw an inflow of $154 million from institutional investors (excluding exchange-traded funds). The year-to date institutional investment in cryptocurrency has reached $16.97 trillion.

Bitcoin is the Institutional Investment Leader

Bitcoin continued the upward trend of November with the second highest inflows from institutional investors among digital assets. Bitcoin, which was worth $154million in total for the entire week of November 20, brought in $114.4million.

Source: Crypto Institutional inflows November 22. Source: Coinshares

Recent investment in Bitcoin has brought the institutional total bitcoin investment to $6.6 million in 2021. Bitcoin’s October record of institutional investments was $2Billion, just as it neared the ATH.

Flipside

• Bitcoin is still correcting despite increasing institutional investment. Analysts think that this pullback might last for a while longer

It has generated $1.17 trillion in total in 2021. Altcoins, however, have made institutional investments of $9.2 billion.

Grayscale is the leader in institutional crypto asset investment. The investment company has more than $51.9 billion of assets as it manages, as at November 19.

Why you should care

The dip is a confirmation of institutional investors’ bullish views about Bitcoin. It doesn’t matter how the asset performs.

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