CoinShares Reports New All-Time High in Assets Under Management
According to CoinShares, Bitcoin appears to be losing its appeal among investors as total assets under management surged to an all-time high of $188 billion. Recent price gains have contributed to this increase, marking the twelfth week of asset inflows that favor Ethereum over Bitcoin. The data indicates a crucial shift in investor sentiment as they increasingly gravitate towards altcoins, particularly Ethereum. This trend provides valuable insights into the changing dynamics within the cryptocurrency investment space, prompting a reevaluation of investment strategies amid evolving market behavior.