The largest capital inflow of institutional crypto fund in three months

Data released by coinshares on Tuesday showed that institutional investment in cryptocurrencies was at the highest level in three months, a significant increase from the outflow of $47million the previous week.
According to the digital asset fund liquidity weekly, last week, the total inflow of digital asset investment products was $193million, the highest level since early December 2021.
The last time the investment level was close to the current figure was in the week ending December 3, when there was an inflow of US $184million.
The capital flow is mainly concentrated on bitcoin (BTC). More than 50% of the capital flows to BTC based products, with a total inflow of US $98million.
The largest capital inflow of institutional crypto fund in three months
Solana (SOL) ranked second with a net inflow of $87million this week, which coinshares said was “the largest weekly net inflow on record”. Sol based funds now account for 36% of the assets under management of institutional companies, which is the largest counterfeit currency after Ethereum (ETH). Last week, the total capital inflow based on eth was only US $10.2 million.
Europe is the main contributor, and the company seems to be encouraged by the news that the bill banning proof of work (POW) mining has not been passed. 76% (about US $147million) of the capital inflow last week came from the region.
The reported data is in sharp contrast to the data a week ago. Last week, North American companies withdrew $49.4 million from BTC and eth due to concerns about the strengthening of encryption regulation.
The cash inflow of institutional companies is related to the price of bitcoin, which recently soared to more than $48500. The same is true of Ethereum, which has exceeded $3300.
Last week, senior executives from encryption companies NEXO and amber group discussed the “exponential” growth of institutional investment in cryptocurrencies at the 2022 blockchain Africa Conference, and said that although the number of institutional employees has increased, there may still be entry barriers. Kalin Metodiev, co-founder and managing partner of NEXO, said that most companies might claim that the encryption market was “still too unstable”.

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