Funds investing in cryptocurrencies grew for the second week in a row, despite the Russia-Ukraine war.
According to the statement made by CoinShares, when looking at the amount of money entering and leaving throughout the week, institutional crypto money funds last week. 127 million dollars showed growth.
While these funds received $151 million investment from North American investors, an outflow of $24 million was recorded in the European market. The CoinShares team created this chart, “This indicates that investors continue to support digital assets despite recent geopolitical events.” interpreted as.
Funds that invest in Bitcoin (BTC), one after the other, net in the seventh week showed growth. These funds were seen last week. $95 million growth on a weekly basis Biggest growth since December 2021 it happened.
Ethereum (ETH) funds are also at a clear level, breaking the record for the last thirteen weeks. $25 million received investment. Litecoin (LTC), Cardano (ADA) and XRP funds also experienced growth, as did the BTC and ETH duo.
Contrary to these, To Binance Coin, Solana and to Polkadot in investment products that offer the opportunity to invest money outflow has been observed.
The approximate total current value of cryptocurrencies held in all these funds $50.2 billion level was declared.