https://ift.tt/DMWsrX3 (BTC), Solana (SOL) and Avalanche (AVAX) Embrace Institutional Flows | CryptoGazette

The crypto market is making efforts to recover following the recent price drop. At the moment of writing this article, most digital assets are trading in the green.

Check out the latest predicitons about the prices of some important digital assets out there.

It’s been just revealed that there is a leading digital asset manager says institutional inflows for Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) are up.

New Coinshares report is out

According to the latest Coinshares report, the digital asset investment products had total weekly inflows of $109 million despite bearish market action.

It’s been also revealed that Bitcoin managed to see $89 million worth of inflows, which CoinShares says isn’t actually that much for the top crypto asset by market cap.

“The inflows remain tepid, with the last 5 weeks of inflows totaling $221m, representing 0.7% of total assets under management (AuM).”

As noted by the online publication the Daily Hodl, Ethereum competitor Solana has seen inflows of $1.2 million in the past week and $6.8 million so far in the month of February.

CoinShares also stated that SOL investment products seem “relatively insulated from outflows seen in other products.”

Ethereum (ETH) investment products saw $15.2 million in outflows last week, according to the same notes and it’s also worth noting that Ethereum-competitor Avalanche had $25 million worth of institutional inflows in the past week.

Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $38,798.

Cryptos and the stock market

The crypto market is suffering a new correction these days, and some investors are freaking out at the thought that we’ve entered a bear market.

Check out a new analysis revealed by Benjamin Cowen.

The popular crypto analyst Benjamin Cowen says that Bitcoin (BTC), Ethereum (ETH), and the stock market are all facing the same hurdle. Check out the previous article in order to learn which are these.