Report: Crypto Funds Receive $160M in Investments in a Week

Last week, institutional investors pumped $160 million into crypto funds, according to CoinShares’ report.

This level of investment is the highest since July 2022, indicating that institutional investors are undeterred by the turbulence of the traditional market.

On the contrary, they have become more interested in cryptos phere-focused products. The report also states that investors withdrew $408 million from instruments related to leading digital currencies over the previous six weeks.

The majority of funds came from the US, Germany and Canada, with amounts of $69 million, $58 million and $26 million, respectively.

Bitcoin funds saw an influx of $128 million last week, with Ethereum funds attracting $5.2 million, as well as investment in XRP, Solana and Polygon products.