CoinShares, one of the leading digital asset managers in the crypto world, stated that the geopolitical risks that caused panic following the Russian invasion of Ukraine rocking global markets did not prevent institutional crypto investors from increasing their positions in North America.
According to the platform’s latest Weekly Digital Asset Fund Streams report, digital asset investment products received more than $125 million in funding last week.
“Digital asset investment products increased from the previous week and saw a total inflow of $127 million last week, indicating that investors continue to support digital assets despite the recent geopolitical events.”
The leading cryptocurrency in terms of market capitalizationBitcoin (BTC), For its seventh consecutive week of positives, it has received the highest entries it has witnessed since December 2021.
“Bitcoin experienced $95M inflows last week, the cryptocurrency experiencing the biggest weekly inflows since the beginning of December 2021, has witnessed inflows of funds seven weeks in a row.”
To look at altcoins; Ethereum (ETH), Litecoin (LTC), Cardano (ADA) and XRP It had inflows of $25 million, $0.4 million, $0.9 million and $0.4 million, respectively. Multi-asset investment products suffered a similar fate.
“Flowing inflows into multi-asset (multicoin) investment products totaled $6.8 million last week. In relative terms, multi-asset investment products have experienced the most fund inflows to date, with a total of $104 million…”
The majority of institutional investment inflows came from North America, offsetting fund outflows from Europe.
“The positive sentiment is centered in North America with $150 million in entries versus total outputs of $24 million in Europe.”
Other popular altcoins such as Solana (SOL), Polkadot (DOT), and Binance Coin (BNB) witnessed fund outflows last week. Cryptocurrencies experienced $1.7 million, $0.9 million and $0.4 million respectively.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.