Institutional investment flows out of ETH and into competing L1 altcoins By Cointelegraph
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Institutional investment flows out of ETH and into competing L1 altcoinsInstitutional investors have shifted their attention from (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row.
Data from CoinShares’ latest Digital Asset Fund Flows report shows that investors last week (ending April 22) loaded up on $3.5 million worth of (AVAX), (SOL), (LUNA) and Algorand (ALGO) funds whilst capital outflows from Ether products totaled $16.9 million.
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Institutional investment flows out of ETH and into competing L1 altcoinsInstitutional investors have shifted their attention from (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row.
Data from CoinShares’ latest Digital Asset Fund Flows report shows that investors last week (ending April 22) loaded up on $3.5 million worth of (AVAX), (SOL), (LUNA) and Algorand (ALGO) funds whilst capital outflows from Ether products totaled $16.9 million.
Continue Reading on Coin Telegraph
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