Crypto-based Investment Funds Received $76M Last Week
The improvement in the situation on the digital currency market this month has created the conditions for the gradual return of institutional capital to crypto-based funds.
According to CoinShares, large investors have invested approximately $76 million in such instruments over the past week.
Since the beginning of the year, cryptocurrency funds have attracted a total of $230 million. In total, they manage digital assets worth $30.3 billion, which is the highest figure since August 2022.
According to the authors of the report, of the $76 million, institutional funds sent $69 million to Bitcoin funds. Approximately 90% of the capital went into instruments focused on BTC.
Most funds were invested last week by investors from the United States, Canada and Germany.