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Bitcoin Price Dips, But Records Highest Institutional Inflows

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In the week ending Saturday, November 20, cryptocurrencies recorded an inflow from institutional investors to $154 million (excluding exchange-traded funds). This brings the year-to-date institutional investment in cryptocurrencies up to $16.97 billion.

Bitcoin Leads the Institutional Investment

Continuing the trend in November, Bitcoin once again recorded the highest institutional inflows among digital assets. In the week ending November 20, Bitcoin brought in $114.4 million from the $154 million total.

Crypto Institutional Inflows for November 22. Source: Coinshares

The recent investment in Bitcoin brings the total institutional bitcoin investment in 2021 to $6.6 billion. In October, Bitcoin recorded its highest institutional investment, $2 billion, as its price neared its ATH.

On The Flipside

Grayscale leads the institutional investment in crypto assets. As of November 19, the investment firm has over $51.9 billion in assets under management.

Why You Should Care?

Institutional investors buying the dip reaffirms their bullish sentiments about Bitcoin, regardless of the current performance of the asset

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