New record of cash inflow from institutional funds, according to data recently published by CoinShares.
In the week ending November 3, cash inflow reached $767 million in six weeks.
The increase in institutional inflows, accompanied by an increase from the general public, recorded a consistently positive series that had not occurred since the beginning of 2022.
For now, the assets preferred by institutional funds are Bitcoin, Ethereum, Solana, Ripple, Cardano and other unspecified ones, all in a situation that is still characterized by the wait for spot BTC ETFs, the real catalyst of the market in the short medium term.
The report also highlighted that institutional inflows were mainly concentrated in North America and Europe.
Meanwhile, in the USA, mining companies listed on the stock exchange, with the exception of a few, are rising following the fluctuations and trend of the price of BTC.
For example, MARA (Marathon Digital Holdings), listed on the Nasdaq, had a price at the beginning of the year of around $3.4 and is now at around $9, or RIOT (Riot Platforms), which also started at around $3.4 and is now at the price of $11.
In conclusion, there has been no shortage of positive signs in recent months and the increase in public interest is growing almost unstoppably.
