# Crypto Flows Show Institutions are Still Buying

*Author: Jack Inabinet*
*Published: Jul 8, 2024*
*Source: https://www.bankless.com/crypto-flows-show-institutions-are-still-buying*

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Sellers were in control of crypto markets last week, but recent price weakness was taken as a buying opportunity by many institutional investors.

## What’s the Scoop?
- **Buying Panic:** Despite dips in crypto prices many have attributed to sell pressure from Mt. Gox and the German Government, data [released](https://etp.coinshares.com/de/knowledge/market-activity/fund-flows-08-07-24) from CoinShares shows digital asset investment products saw $441M in inflows last week.
- **Seeking Risk:** Bitcoin may have enjoyed the lion’s share of total crypto product inflows ($398M), but a 90% allocation to BTC is unusually low. Investors seemingly chose to diversify into altcoins last week, with Solana products experiencing 28% of year-to-date inflows last week.

## Bankless Take:
Crypto prices have been moving lower since June, but investors decided to accumulate on last week’s dip, motivated by beliefs that multi-billion dollar asset forfeiture sales presented a discounted buying opportunity.

While there is always a risk these flows reverse, increasing breadth and risk-on sentiment demonstrated through the unusually low allocation to BTC combined with a stock market that continues to establish new all-time highs suggests crypto prices may rally in the near term.

> 📈 [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) saw inflows of US$397m but, unusually, only accounted for 90% of digital asset investment of inflows (US$441m) as investors chose to invest in a much broader range of altcoins.Get more insights in our full report: [https://t.co/ZbgPDr9VKM](https://t.co/ZbgPDr9VKM) [pic.twitter.com/Asp4JtJMWA](https://t.co/Asp4JtJMWA)— CoinShares (@CoinSharesCo) [July 8, 2024](https://twitter.com/CoinSharesCo/status/1810296782825418878?ref_src=twsrc%5Etfw)

 
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