Exchange-traded crypto funds attracted between November 7 and 11 the largest amount of funds over the past 14 weeks. According to CoinShares analysts, the net inflow of institutional capital into such instruments amounted to $42 million.
According to the company experts, the influx of funds into digital assets was observed against the backdrop of the collapse of FTX and its subsidiaries. Observers also drew attention last week to the fall in the value of digital currencies.
Regarding Bitcoin, it has crashed to a two-year low, reaching even $16,000 in some exchanges.
According to CoinShares:
“Despite the downturn in the market, the influx of funds into crypto funds signals that investors see falling prices as an excellent opportunity to increase reserves.”
