Crypto Investment Funds Raising $36 Million in Capital Despite Market Turmoil

Cryptocurrency mutual funds recorded a significant increase in inflows last week, indicating that institutional investors continued to gain exposure to digital assets despite extreme market volatility.

Digital asset investment products registered $36 million in cumulative inflows for the week ended Sunday, according to CoinShares data. Regionally, new investment was highly one-sided, with America seeing $95 million in inflows and European investment products registering $59 million in outflows.

Bitcoin (BTC) product inflows increased by $17 million, marking the fifth consecutive week of inflows totaling $239 million over the period. Ether (ETH) products saw a small inflow of $4.2 million. Investors reduced their holdings of most altcoin products, with Solana (SOL) and Litecoin (LTC) funds recording $2.6 million and $500,000 in outflows, respectively.

Bitcoin product inflows reversed positively for 2022, a sign that institutional investors were rebuilding after a period of significant volatility. They continued to buy BTC funds last week even as tensions escalated in Eastern Europe as Russia launched military operations in neighboring Ukraine. According to data from CoinShares, volumes on crypto exchanges trading Russian rubles rose 121% in the past week.

Related: Wall Street Open Sends Bitcoin To $40K As Latest BTC Price Rise Passes 6%

Crypto markets appeared unaffected by geopolitical tensions on Monday, even as stocks succumbed to fresh selling pressures. Bitcoin price traded as low as $41,476 on the day, according to Coin-Crypto Markets Pro and Trading Display† Shares, meanwhile, were down more than 1%.

The price of Bitcoin is trying to overcome a major downtrend that started in November. Source: Coin-Crypto Markets Pro

Data from Coin-Crypto Markets Pro also revealed a significant increase in trading volumes, with BTC turnover 27% higher than average.

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