Institutionals invested $109M in crypto funds in a week

by in Cryptocurrency News

Investors

Over the past few weeks, investment companies have been investing in crypto funds. If in January, on the contrary, there was an outflow of capital from products focused on digital assets, then already this month institutionalists again began to show increased interest in such tools, according to a regular report from CoinShares.

Over the past seven days, the net inflow of institutional capital into the cryptosphere amounted to $109 million. Moreover, the interest of companies is increasing in crypto funds, despite the negative trend that dominates the market.

Almost all of January, analysts observed the exit of institutionals from products focused on the cryptosphere.

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Now, investors from Europe, North and South America, by contrast, have invested $ 89 million in bitcoin funds. That is the largest inflow of funds since December last year.

Over the past five weeks, investments in BTC products amounted to $221 million. Solana and Avalanche funds raised $1.2 million and $25 million, respectively. Ethereum products, on the other hand, experienced a $15.2 million capital outflow.

Institutional investors poured a total of $26 million into blockchain stocks last week.