Institutional investors may have been shy at first but last week the inflow into cryptocurrency investment products reached $57bn.
A new report by digital asset manager CoinShares has revealed that investment was steady even though Bitcoin's support levels began to fall, albeit temporarily. Meanwhile, Greyscale remains the world's biggest digital asset manager with some $44.2bn assets.
According to CoinShares, all digital assets enjoyed interest in the observed period, ie the week that ended on March 19, except Ripple which is facing some legal trouble. There have been inflow levels for Ethereum as well as Bitcoin.
CoinShares also observed that the US has slowed down in terms of institutional investment, but Canada and Europe are only now starting to pick up. Institutional investment is ultimately beneficial to the entire crypto ecosystem as it bolsters it.
Such investors have continued to splurge money on digital assets driving Bitcoin's current bull run and that, in turn, has benefited all other digital assets. With things slowing down, though, this will be the first test for digital currencies this year.
If you are more of a recreational consumer, and don't bother with investment, you can still find great opportunities for yourself. Bitcoin casinos such as Bitcasino, 1xBit and FortuneJack are quite happy to offer you excellent games to try.
