Digital asset manager CoinShares says Bitcoin (BTC) is taking the lion’s share of institutional capital as sentiment in the crypto markets remains upbeat.
In their weekly report, CoinShares says that the total amount of crypto assets under management (AUM) is only 5% away from setting all-time highs due to recent positive price action.
The firm also says that SEC head Gary Gensler’s recent hints about possibly supporting a Bitcoin futures exchange-traded fund (ETF) could have fueled the rise in sentiment.
“Bitcoin saw inflows totaling US$225m, comprising a significant majority of the total.
We believe the turnaround in sentiment towards Bitcoin is due to constructive statements from SEC Chair Gary Gensler, potentially allowing a Bitcoin ETF in the US.”
CoinShares says that Etheruem (ETH)