Capital inflows into crypto funds totaled $76 million last week

The improvement in the situation on the digital currency market in January 2023 created the conditions for the gradual return of institutional capital to crypto funds.

A report by CoinShares says that over the past week, large investors have invested approximately $76 million in such instruments.

Since the beginning of January, crypto funds have attracted a total of $230 million. In total, they manage digital assets worth $30.3 billion, which is the highest figure since August 2022, the authors of the report emphasized.

Of the $76 million, institutional funds sent $69 million to bitcoin funds. Approximately 90% of the capital went into instruments focused on the largest cryptocurrency.

The lion’s share of funds in crypto funds was invested last week by investors from the United States, Canada and Germany – $38 million, $25 million and $24 million, respectively.

The investment companies sent small amounts to funds focused on the altcoins Cardano, Solana and Polygon.

The inflow of funds into Ethereum instruments amounted to about $700,000.

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