Crypto funds have been raising institutional capital for five consecutive weeks.
In another study by the CoinShares team, it is noted that at the end of the past week, the number of funds invested in such products amounted to $36 million.
If the American institutions sent $95 million to them, the European ones, on the contrary, preferred to withdraw funds from such funds. The outflow was $59 million.
Analysts note that investment companies from Brazil and Canada have been showing high activity since the beginning of 2022.
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The net inflow of capital into Bitcoin funds was $17 million. In total, such products have attracted $239 million of institutional funds since the beginning of 2022.
Ethereum funds last week managed to receive only $4.2 million from investors. Companies reduced their presence in products focused on Solana altcoins (SOL) and Litecoin (LTC). From these funds came $2.6 million and $500,000, respectively, CoinShares analysts emphasized.
Researchers also do not exclude that in the context of growing military and political tensions, interest in cryptocurrencies will increase significantly soon.
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Institutions are looking for alternative tools, and one of the most attractive areas is the cryptosphere.