Institutional investors have again become interested in tools focused on cryptocurrencies against the backdrop of an improvement in the situation in the market for risky assets and a rebound in Bitcoin.
According to the experts of CoinShares, crypto funds were able to raise a total of $117 million during the week, the largest seven-day inflow in six months. The researchers of the company have noted that Bitcoin funds received $116 million of those $117 million.
Institutions preferred to bet on BTC last week after its price increased by 40% last week.
Due to macroeconomic instability, institutional investors predominantly withdrewn funds from crypto funds last year.