Institutional investors taking benefits of China crypto ban Fud
According to reports, there is around $95 million worth of fund inflows in the crypto by institutional fund manager companies.
As we know, China crypto ban fund is continuously revolving in the crypto marketplace. Since everyone knows very well that China already banned crypto mining and related services but still people are getting into panic. But there are those people and big fund management firms, which are taking advantage of this market crash.
CoinShares reported on 27 September about the inflow of funds from the institutional Investors. According to CoinShares, there is a total inflow of $95 million. And this amount of fund inflow took place in between 20 September to 24 September only, which is a clear indication of how big investors are playing in this dip.
This week Investment in the crypto Digital products by big institutional investors surged by 126%.
If we talk about the individual assets Investments, then there is $50.2 million and $28.9 in Bitcoin & Ether based products.
Here, we should not see Bitcoin & Ethereum only, from the point of better Investment options by such fund manager firms. These investors are also looking for other crypto assets like Cardano, Solona, Polkadot like assets.
Total inflow the past week, as per report, is $3.9 million, $2.6 million and $2.4 million in Solana (SOL), Cardano (ADA) and Polkadot (DOT) respectively.
The China fund is influencing the crypto market badly. On 24 September the price of Bitcoin crashed by around 8%. But instead of panicking, big Investors are taking advantage. This report is proof.
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