Did you know that an increase in institutional-grade crypto investors could signify good times ahead for the crypto space?
Therefore, Crypto.com has released its Research and Insights monthly report for April 2022. In this article, you will discover an overview of institutions with crypto investments and the trends of institutional-grade crypto investments in Q1-2022.
Institutional Investments in Crypto Projects.
1. Bitcoin (BTC) and Ethereum (ETH) Whales
In April 2022, the relation to institutional crypto investments was a fairly stable month. According to reports, Bitcoin addresses with institutional-grade crypto holdings remained fairly constant. Ethereum whales, on the other hand, recorded a slight drop. However, ETH whales recovered towards the tail end of April 2022.
Interestingly, the picture below shows the number of BTC and ETH Whales from January 2022 to April 2022.
Source: Crypto.com April 2022 Research
2. Bitcoin ETF Holdings
According to the report, purpose BTC ETF Holdings and Flows Holdings was generally in the red zone. BTC-ETF holdings dropped from over 33,000 in late March to an estimated 30,000 in April 2022.
3. Grayscale Bitcoin (BTC) Bitcoin Trust
On the other hand, Grayscale is one of the top institutional-grade holders of Bitcoin. Its Bitcoin Trust provides interested persons with a secure exposure to Bitcoin. According to the Crypto.com report, its BTC AUM (Assets Under Management) dropped in April. However, it’s Premium/Discount grew steadily. Interestingly, the report also disclosed that this is currently Brayscale BTC Trust’s “[…] steepest discount in 3 months.”
In conclusion, April seems to be a rocky month for institutional-grade crypto investors. The report also shows that despite bearish tendencies, BTC whales remain fairly stable. Finally, this is therefore a pointer to investors’ continued trust in Bitcoin as a reliable store of value.
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