Institutional investors are pivoting back to digital gold with Bitcoin (BTC) investment products posting a third consecutive calendar week of inflows.

According to CoinShares' latest "Digital Asset Fund Flows Weekly" report, BTC investment products generated $68.7 one thousand thousand worth of inflows between Sept. 27 and Friday, representing a 36% increment in exposure week-over-week.

While products tracking BTC have now dominated inflows to digital asset products for ii weeks in a row, the bullish turn comes fresh off a record streak of outflows that persisted for eight sequent weeks until early September.

Full inflows for digital investment products were $ninety million for the week, marking the seventh consecutive calendar week of inflows as institutional investors go along to increment exposure to digital assets.

Institutional investors also snapped up a significant corporeality of Ether (ETH) investment products, with inflows totaling $20.ii 1000000. BTC and ETH products gained roughly 7.4% and 3.2% for the week, respectively.

At that place was too a mixed appetite for altcoins last week. Products tracking Cardano (ADA) and Solana (SOL) posting inflows of $1.1 million and $700,000, respectively, while Polkadot'due south DOT and Binance Money (BNB) fund shed $800,000 each. Multi-nugget funds besides saw minimal inflows of $1.9 million.

Institutional demand for Solana appears to have bottomed out, with inflows to products tracking SOL crashing past 98% since posting highs of $38.ix million 5 weeks.

Despite the markets recovering from July's tearing pull-back, CoinShares highlighted that last week's trade book of $two.iv billion remains low compared to the $8.4 billion worth of institutional crypto products traded weekly during the height of 2022's bull cycle in mid-May.

Related: These 3 indicators flashed bullish ahead of the recent Bitcoin cost pump

According to CoinShares' estimates, institutional asset managers currently represent combined assets under direction (AUM) worth $57.one billion combined — a weekly increase of 8.5%.

Grayscale continues to dominate the sector, representing $41.1 billion or 71% of the sector'south total AUM. CoinShares XBT and Purpose funds rank in 2d and third with $2.2 billion and $two.1 billion worth of AUM, respectively.