Last week, institutional investors again began to invest in products focused on the cryptosphere.
Over the past seven days, they have funneled a total of $19 million into crypto funds, according to a new report from CoinShares. That is a small, but still inflow of funds, analysts stressed.
The data suggests that large investors are gradually changing their strategy and buying the January fall. Partially, the change in the tactics of the institutionalists was influenced by the Federal Reserve System, which allowed an increase in the discount rate.
Trending: Salvadorans are against buying bitcoins at the expense of the budget
Bitcoin products raised $22 million, while Ethereum funds faced a $27 million outflow. However, compared to February 2018, the capital outflow remains small, analysts stressed.
Funds focused on Solana, Polkadot and Cardano lost some capital, although CoinShares again recorded an influx of investments in funds that include several digital currencies. Such assets received $32 million, the largest inflow of funds since last June.