Institutional Investors Cautious With Bitcoin & Ethereum, Seek Opportunities in Other Altcoins

Bitcoin’s recent price surge above $88,000 has been met with cautious optimism. CoinShares reported only a modest $6 million inflow for cryptocurrency investment products last week despite the positive momentum. This contrasts with US retail investor outflows totaling $146 million in the middle of the week. Despite this mixed sentiment, small inflows suggest a potential for recovery.