• February 27, 2024

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Institutions Resume Investment in Cryptocurrency Funds

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Institutional investors last week again started to invest in products focused on cryptocurrencies.

According to a new report from CoinShares, over the past seven days, they have invested a total of $19 million into crypto funds. This is a small, but still inflow of funds, the company analysts have stressed.

The data suggests large investors are gradually changing their strategy and buying the January fall. Partially, the change in the tactics of the institutional investors was influenced by the US Fed, which has allowed an increase in the discount rate.

Bitcoin products raised $22 million, while Ethereum funds faced a $27 million outflow. However, compared to February 2018, the capital outflow remains small, the analysts have 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.