Institutional investors entered instruments focused on digital currencies last month. The rise in the price of BTC provoked a surge in the activity of big business.
According to CoinShares, institutions last week withdrew funds from instruments focused on digital currencies for the first time since the beginning of 2023.
The company analysts found that in the period from February 4 to February 10, investors withdrew more than $7 million from crypto funds, while at the beginning of this month, the inflow of funds into such instruments amounted to about $23 million.
According to the report:
“Many investors were wary of the risks of a new increase in the Federal Reserve’s discount rate after the publication of macroeconomic data.”