Crypto-based Funds Raised $433 Million Last Year

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According to CoinShares, the influx of funds into crypto-based funds over the past 12 months was the lowest since 2018. In particular, institutional investors put $433 million into such instruments last year.

James Butterfill, head of the research division of the company, has noted that the “crypto winter” had a negative impact on the mood of the institutional investors. However, large-scale capital flight from products focused on digital currencies did not occur.

Investors, even against the background of the fall of bitcoin and other cryptocurrencies, continued to enter the funds.

According to the analyst, BTC collapsed by 63% last year, and the aggressive policy of the Fed caused fears in the camp of traders and provoked an outflow of funds from risky assets.

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