CoinShares: Cryptocurrency Funds Have Raised $15M

Asset manager CoinShares has said that despite the little interest from institutional investors in the crypto space over the past week, crypto funds have been able to raise $15 million over the past seven days.

According to the company experts, Ethereum-based products have received greater interest from institutional investors as they have invested about $7.6 million such instruments.

In addition, ETH funds have shown good performance over the past three consecutive weeks. However, since January, financial companies have withdrawn up to $460 million from ETH funds.

The improvement in investor sentiment is due to the upcoming update of the Ethereum network and the transition from proof-of-work to proof-of-stake. From funds oriented towards other altcoins, institutionalists withdrew $300,000.