Cryptocurrency avails held by institutional managers rose for a fifth consecutive week, a sign that market participants had one time over again flipped bullish on Bitcoin (BTC) and the leading altcoins.

Investment flows into crypto products totaled $42 meg in the calendar week catastrophe on Sept. 19, with Bitcoin funds seeing inflows of $fifteen million, according to digital nugget managing director CoinShares. That'southward only the third time in sixteen weeks that BTC investment products saw positive inflows.

All major assets registered a weekly increase, with investors buying up $half-dozen.6 1000000 worth of Ether (ETH) products and $3.seven 1000000 worth of multi-asset funds. Investors as well allocated $4.8 meg towards Solana (SOL), disregarding a denial-of-service disruption earlier this week as a event of network congestion.

In terms of actual products, 21Shares registered the largest weekly inflows at $28 one thousand thousand. The physically-backed crypto exchange-traded product provider now has $1.87 billion in assets under management. Grayscale remains the unmarried largest crypto asset manager, with $43.177 billion in full assets.

Fund managers have been ownership up crypto in lockstep with a broad market recovery that began in late July. Crypto markets peaked above $ii.2 trillion concluding week after plunging to around half that corporeality earlier in mid-July. Notwithstanding, by Monday, all major crypto assets had printed heavy losses as Chinese Evergrande news walloped take chances sentiment.

Related: Bitcoin bounce levels extend to $36K with bulls unmoved by 8% BTC price dip

Institutional investors have become of import players in the cryptocurrency marketplace, which is a testament to the growing mainstream acceptance of digital assets. Some of crypto'southward biggest asset managers told Cointelegraph earlier this year that investing in digital assets no longer carries the same level of career run a risk as earlier, which means more financial advisers and wealth managers are likely to enter the market place. This was corroborated by a recent poll past London-based crypto fund Nickel Digital Asset Management, which found that most hedge fund executives accept already purchased cryptocurrency.