Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying

Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional investors. The rise of other altcoins has put forward some formidable contenders for these two cryptocurrencies. Now, institutional investors are now moving away from the big two and pouring money into other altcoins, taking a completely bearish stance on Ethereum. Altcoins Steal Market Share Institutional investors have now fully turned their attention to fast-rising altcoins in the market. This is evidenced by the inflows that some of these altcoins saw over the past week. While the amount of inflow coming into the market has not been to previous high levels, the share that went to these altcoins has been higher. These altcoins getting more attention from institutional investors including the likes of Solana, Terra, Avalanches, and Algorant. Related Reading | Market Nosedive Sends Cardano (ADA) Deeper Into Bear Territory Not only did these altcoins see good inflows, but they also took up a majority of the inflows that were recorded for the week. Notable inflows include $1.8 million for Avalanche, $0.8 million for Solana, $0.7 million for Terra, and $0.2 million for Algorand. In total, these a...