The activity in the camp of institutional investors began to gradually weaken. Its surge was observed in mid-October after the emergence of an ETF focused on Bitcoin futures in the United States.
The report of the CoinShares company says that last week crypto funds were able to attract only $ 288 million. Note that a week earlier volume of investments in the same instruments reached $ 1.47 billion. Since the beginning of the year, institutions have sent a total of $ 8.7 billion to the crypto sphere.
Traditionally, the most popular are funds focused on bitcoin. They received $ 269 million from investors. Investments in Ethereum funds and other products related to altcoins attracted $ 16.6 million from companies in the last week of October.
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Since the beginning of the year, funds focused on ETH have been able to accumulate $ 1.06 billion. In comparison, bitcoin products received $ 6.37 billion in 2021, the researchers emphasized.
Many analysts periodically draw attention to the growing interest of hedge funds and asset managers in Bitcoin and other digital currencies. 2022 could be a watershed year in the history of the crypto market, and institutional adoption of such instruments will become widespread.