Institutional Investors Move $127 Million into Crypto Market: Detailed Report


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Arman Shirinyan

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Institutional investors are back on the cryptocurrency market as most digital assets show first signs of recovery

The digital assets market has faced large inflows totalling $127 million in the last week only despite the negative performance of most cryptocurrencies on the market, according to a CoinShares report.

Compared to the previous week, digital assets inflows faced an uptick, most likely due to a slight recovery on the cryptocurrency market. As data suggests, traders became more active as the volume of inflows to risky assets increased.

CoinShares Data
Source: CoinShares

Geographically speaking, the positive sentiment and funds inflows were mostly centered in North America as inflows totaled more than $150 million against $24 million outflows from Europe. Bitcoin was the most popular asset among institutional investors, as almost $100 million funds were moved to it.

Purpose ETF appeared to be the largest inflows provider for the cryptocurrency market with $130 million investment in the last week only. CoinShares XBT was the biggest loser, with $21 million being withdrawn from the market by the fund’s customers.

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As for Ethereum and other altcoins, the alternative cryptocurrencies saw inflows totaling approximately $33 million last week. The second-largest cryptocurrency received $25 million, while various multi-asset funds saw $8.6 million inflows.

The return of institutional investors to the crypto market might be a sign of a beginning recovery after more than three months of correction that caused an average 50% drop in the value of most digital assets.

The total capitalization of the cryptocurrency market currently remains at $1.9 trillion, while bottoming at $1.515 trillion earlier in January 2022. At press time, Bitcoin trades at $38,768, while Ethereum consolidates at $2,583.


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