According to CoinShares, institutional investors have not been surprised by the recent correction in the cryptocurrency market as the number of digital currencies dedicated to Bitcoin (BTC) and Ether (ETH) has increased.

According to the latest CoinShares financial report, secret investment products, including publicly traded funds (ETFs), had a weekly revenue of $ 154 million in the week ended Nov. 20. . Esther’s weekly income was $ 12.6 million and $ 14.1 million in various income.

To date, institutional investors have contributed $ 6.6 billion to bitcoin products, $ 1.17 billion to ether products, and more than $ 9.2 billion to encryption.

Grayscale, the largest secret asset manager, recorded $ 51.9 billion in assets on November 19th.

In October, the Bitcoin record month was approved by two ETFs related to futures in the United States. Officials bought Bitcoin worth $ 2 billion in a month at a high BTC price.

Although the bitcoin price was small in November, the latest posting data shows that investors are not worried about market adjustment. According to Cointelegraph, the bitcoin was at a low of $ 56,500 on Nov. 20 before further correction. As the cryptocurrency flag rises below $ 58,000, other short-term setbacks are still easy to deal with.

According to a recent tweet from crypto analyst TechDev, the July 2021 growth market sank in five days and eight days after July 2021. As the trend continues, bitcoins and the broader market are likely to prepare for the medium-term highs.

Source: CoinTelegraph