Over the past week, the inflow of funds into products for institutional investors amounted to $64 million. At the same time, most of the money was invested in funds that profit from the fall of bitcoin.
CoinShares analysts reported that $600,000 was invested in Bitcoin, $4.9 million was invested in ETH, and $4.4 million was raised in multi-currency funds. However, $51.4 million was invested in funds profiting from the fall of Bitcoin. , doubled in a week.
Institutions from the US were the most active, investing $46.2 million. Another $7.5 million was invested by companies and funds from Switzerland, $5.8 million – from Germany. Investors from Sweden withdrew funds in the amount of $1.8 million.
Analysts noted that investors seem to be diversifying again between different digital assets, as evidenced by the influx of money into altcoin funds.
The week before last was remembered for the fact that investors withdrew $423 million from cryptocurrency funds. This is the largest outflow of funds in the history of the cryptocurrency industry.
Source: Bits
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